NFT & Blockchain
- NFTs enable creators to tokenize their work, allowing them to sell and distribute digital assets directly to buyers without the need for intermediaries like galleries or auction houses.
- The value of an NFT is determined by factors such as scarcity, demand, provenance, and the reputation of the creator.
- Blockchain is a decentralized and distributed ledger technology that records transactions across a network of computers in a secure and transparent manner.
- Each block in the blockchain contains a cryptographic hash of the previous block, creating a chain of blocks that are linked together and cannot be altered retroactively without altering subsequent blocks.