From the course: Introduction to NFTs: Non-fungible Tokens
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Supporting an NFT on Ethereum
From the course: Introduction to NFTs: Non-fungible Tokens
Supporting an NFT on Ethereum
- [Instructor] With the emergence of non-fungible tokens, or NFTs, we now have a way to buy, sell, and prove ownership over certain digital items. It has resulted in a remarkable new asset class. It's a breakthrough for creators of digital content. For collectors, it's now possible to own and trade confidently in digital items. In the world of physical non-fungible assets, with a purchase, a buyer will often receive a certificate of authenticity. It's typically a piece of paper issued by some respected authority that validates the physical item. The owner can have confidence that the work is not a forgery. If they decide to sell it in the future, their certificate will be passed to the new owner. When selling digital items, a creator now has the option to assign one or more as unique versions of the digital asset. Each asset is issued a unique crypto token, a non-fungible token, that contains authenticity data. That NFT…
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