You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @drqamu
Non-fungible token is a unique, non interchangeable and non tangible digital code recorded on blockchain that represent some underlying art work , audio , vedio or photograph etc .
The quality of post is evident by your definition . You have give a gist of whole topic in your definition . Amazing !
NFTs don't have their intrinsic value instead they derrive their value from underlying asset
NFTs are digitaln data storage unit . Right ?
IPFS, which stands for InterPlanetary File System, is a web based decentralized file storage , sharing and retrieving protocol aimed to ensure secure storage and quick retriev
can we say that , IPFS is a complete comnunicatio protocol .
Good luck bro
Thanks for compliment .
Yeah in a way we can say that where data would refer to underlying entity .
Yes you are right . It is so
Thanks