Crypto Can We Use NFT Tokens To Sell Any Digital Item?

Good-Guy

VIP Contributor
NFT Tokens are one of the most interesting kinds of tokens that can be used for selling many digital products such as online files, artwork, in-game products, etc. They are mostly used in the digital world and we can say that they are one of the most popular currencies in the digital world. There are many platforms such as Open sea that offers people to sell their artwork for NFTs. Some platforms even allow people to sell in-game products for NFTs. Since the popularity of NFTs is rising, I am sure there will come a time when people will be dealing in NFTs even more than they do right now. However, I was wondering if NFTs could be used to sell other items such as websites, articles, in-depth research papers, academic essays, etc? I have never heard about someone selling such things through NFT token and I am not aware of any platform that allows you to sell such stuff, so this is why I was wondering. As far as Open sea is concerned, I have never seen someone selling websites or articles on their platform. So can we use NFT token to sell anything that is "digital", not necessarily a physical product?
 

Moneymakerro

New member
If it will be posible to nft-ize the digital assets it will be posible to trade it like a nft...BUT nothing prevent bow someone to copy the nft of someone else and post it again except the goodwill of the folks from Open Sea ..
 

Jasz

VIP Contributor
Yes, non-fungible tokens can be used to sell any digital item. That's the whole point of them!

NFTs are based on blockchain technology, which is a chain of information that exists on multiple different computers at once. These blocks are what make up a blockchain, and each block has a timestamp and links to the previous block. The data on a blockchain cannot be altered or changed, because it exists in many places at once.

If you have something you want to sell that exists only in the digital world (a piece of art, for example, or an mp3 file), you can create an NFT for it by writing details about the item you want to sell (like the artist's name and what type of art it is) into a block and then linking that block to other blocks containing data about other items like it. This creates an unchangeable record of your ownership of that digital item. You can then sell this NFT token to someone else by transferring ownership rights over that token using cryptocurrency like Ethereum or Bitcoin.
 

Sotherefore

VIP Contributor
I don't even know how the non fungible token you are talking really works because I don't have the money and I don't also have the interest to invest in it now , probably maybe if I have the money I will be tempted to invest in it and this will also force me to research on it to understand how it really work .

But based on my little understanding of the non fungible token it is like a crypto art the people can buy and sometimes the value can increase depending on the quality of the non-fungible token you have bought.

Even if I have millions of non fungible token, I don't even know how to even sell it for people that are interested because I haven't researched on it.

Probably it is among one of the most profitable and the most trending crypto art nowadays and so many people are investing in it .

There are a lot of ways you can research about it and doing a direct research on it with Google will really help you and will expose you to so much understanding of what the non-fungible token is all about. . I am also learning.
 
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