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Bimonthly Since 1986 |
ISSN 1004-9037
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Publication Details |
Edited by: Editorial Board of Journal of Data Acquisition and Processing
P.O. Box 2704, Beijing 100190, P.R. China
Sponsored by: Institute of Computing Technology, CAS & China Computer Federation
Undertaken by: Institute of Computing Technology, CAS
Published by: SCIENCE PRESS, BEIJING, CHINA
Distributed by:
China: All Local Post Offices
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05 July 2023, Volume 38 Issue 3
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Abstract
NFT stands for Non-Fungible Token. It is a type of digital asset that represents ownership or piece of content. Cryptocurrencies such as Bitcoin or Ethereum, are fungible which can be exchanged with individuals or businesses willing to pay, NFTs are distinct and cannot be mutually substituted. NFTs are typically built on Blockchain technology; we use Ethereum's Blockchain being the most common platform used for creating and trading NFTs. Each NFT contains metadata that specifies its unique characteristics, ownership details, and other relevant information. One of the key features of NFTs is their ability to establish ownership and authenticity for digital assets. NFTs have gained significant popularity in the art world, allowing artists to create and sell digital artwork as unique, verifiable pieces. NFTs have also expanded into various other domains, such as music, virtual real estate, and virtual goods in gaming, collectibles, and more. In this research we will see how to sell an NFT. The opportunities, challenges and disruptions were discussed in detail.
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