Never mind security tokens, the newly licensed SIX Digital Exchange is in discussions with NFT funds and central banks. SDX’s chairman discusses the trading venue’s uniquely Swiss ambitions. Read all about it! Did this blog spike your interest? Let’s talk about it : [email protected]
What is NFT?
NFT is a blockchain solution to confirm the originality and ownership of a digital file. NFT meaning non-fungible token, and it is a unique element of blockchain code - similar to cryptocurrency. The difference between the two is the non-exchangeability of the NFT token - it is unique and cannot be exchanged for another one, and in most cases - it cannot be shared. It is created by saving the file on a particular platform, making a unique NFT token and keeping it in a global directory. Why does a file saved in this form have any value? First of all, you can't make another copy of it or counterfeit it. It is unique in the world - just like a work of art. Of course, you can copy a file with it, but the code assigned to it remains unchanged.
Why are NFT funds so popular?
NFT funds are so-called non-exchangeable tokens. These blockchain-based digital files are linked to digital assets, such as virtual art or tangible objects. They can represent, for example, real estate, a purse, or a seat on a rover that will explore space. NTF can be compared to a physical certificate of authenticity, which is impossible to copy. NTF funds can be transferred between users' wallets, thus creating a unique file on the blockchain network.