Digital Currencies Non-Fungible Tokens

  The concept of NFT or non-fungible tokens became so popular among the people recently when an artist named Beeple sold his digital image collage for $69 million with NFT. If you love art, you might find Beeple’s image to be highly interesting, but will you pay several million for it? After all, you can download the image carefully if it does not have any violation rules.  Here, these issues are solved by the NFT or non fungible tokens. For example, the Monalisa Picture is worth billions but if you find its digital format, you will not be willing to pay so much, right? There is something special about the canvas and oil on the original picture which is not present in digital format. Monalisa's painting is unique and in economic terms, it is a valuable asset for many. When the item is very rare, it will make it valuable. On the other hand, digital art is just the opposite of oil canvas. By seeing digital art, you will find it difficult to differentiate whether it is a copy or an