Now let’s move on to the word token. Token means a tradable asset that resides on a blockchain. A blockchain is a public-distributed digital ledger that has records of all the transactions. The information stored in the blockchain is set in stone and can not be hacked, changed, or deleted.
After buying or creating an NFT, you get digital proof of ownership inside the blockchain coding. Authentication means you have the right to the original artwork. For example, anyone can buy a tee with a logo on it, but there’s only one who has the right to the logo. First, a designer, then the person who bought the rights. When you own NFT, you can do with it whatever you want, or you can transfer it to the other owner.