TLDR
Non-fungible tokens (NFTs) are a digital representation of ownership and authenticity of digital art. Unlike its physical counterpart, an NFT is stored using blockchain technology which brings two major advantages: immutability (meaning it can't be changed) and decentralization. NFTs also serve as a creative relationship and conduit between the artist and collector; an explicit expression of trust. But there's a problem. Technical limitations mean that the media itself — the actual thing of value — cannot be stored alongside the token. It has to be stored elsewhere on the Internet and linked to through the NFT's metadata.via the TL;DR App
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Written by purate | We are Purate. And we are building a sustainable creative collective, helping shape the second renaissance.
