The Rise of NFTs: Unique Digital Assets on Blockchain

NFT -stands for "Non-Fungible Token." It can be translated into Turkish as "Değiştirilemez Belge." NFTs are digital assets created using blockchain technology, representing digital content such as artworks, music tracks, and in-game items. These digital assets are unique and non-interchangeable tokens, often implemented on blockchain platforms like Ethereum through smart contracts.

1. Smart contracts are utilized to code ownership and transfer of digital assets. NFTs are distinguishable by having a unique digital signature, making each one different from the other. The representation of an asset by an NFT ensures that it is one-of-a-kind and cannot be exchanged on a like-for-like basis with other NFTs.

Regarding the web, NFTs are commonly bought and sold on online marketplaces. Artists, musicians, and other digital content creators can mint and offer their works in NFT format for sale. Transactions involving NFTs often occur using cryptocurrencies, and the records of these transactions are stored on the blockchain, ensuring transparency and traceability in ownership and transfer processes. NFTs have gained prominence as a technology uniquely enabling the representation and valuation of digital assets in the art and entertainment world.