Hackernoon logoHow NFTs Work And Why They Are A Bridge Between Digital World And Real Life by@alfredodecandia

How NFTs Work And Why They Are A Bridge Between Digital World And Real Life

Alfredo de Candia Hacker Noon profile picture

@alfredodecandiaAlfredo de Candia

Author of "Mastering EOS" & "Mastering DeFi" blockchain specialist, android developer

When we talk about crypto and blockchain, of course, we are talking about a 100% digital world that hardly matches the real world, since we cannot touch these assets firsthand and we will have to transport ourselves to this digital space to take advantage of all the advantages.

One of the areas in the blockchain field that has been evolving for a few years is that of NFT, acronym for Non Fungible Token, unique assets that can integrate any information that can be an image, a video and even a song, not to mention even books that can actually become tokens.

In fact, NFTs do not have a particular function, because based on the project and how we want to shape them, we can create different ones and for the most disparate functions, for example we can take a painting and digitize it, or create tickets for an event that have the particularity to be all unique and not to be able to modify them in any way nor to falsify them, good thing for the music industry and the like.

So in that case we can already connect something physical such as a work of art or a ticket for an event and use them both as collectibles and as an asset to access a real event, in fact you could scan the QR code of the NFT ticket. and access it without anyone being able to falsify it, since the NFT will have to be transferred or validated by the structure.

But we are only at the beginning with this technology because projects are being born and have been born that have gone beyond the simple work of art and have created a parallel digital world with lots of monuments and really existing cities such as the OVR project which through the related OVRLands that are real NFTs can be bought, such as the Eiffel tower was bought for the modest sum of about 100 thousand dollars.

Let's not forget that being a virtual space, it is also possible to interact with it, for example OVR, which is Italian, has also created the mobile application that allows you to move within this virtual space on blockchain and therefore see, own and interact with them and with other users, this means that in any part of the world we will find ourselves, we will always be able to visit and interact with places and places far from us, and visit them in a completely virtual way.

As mentioned, we are only at the beginning of this expansion of NFTs that allows you to connect the real world with the digital one, but which will still be inevitable, also because the places and monuments themselves are susceptible to time and therefore could decay and destroy themselves as in the case of burning of the Notre-Dame cathedral in Paris, which instead in blockchain cannot be destroyed or modified by anyone and will always keep its structure indefinitely and in any case as long as the blockchain is kept standing.

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