The Future of NFTs: More Than Just Digital Collectibles
Cryptographic tokens (or NFTs for short) have quickly become one of the most talked-about topics in the world of blockchain. The idea of digital collectibles has been around for a while, but with the advent of blockchain, all of a sudden, we had a way of tracking the ownership of digital assets, which also made it possible to trade them with other users. This was not just a fad, though — NFTs are here to stay.
Besides, they are not just digital collectibles — they can represent whatever an individual wants them to represent. From digital homesteads that can be bought and sold on a blockchain, to digital representations of real-world assets, NFTs have it all.
So, where does this all leave us — the future of NFTs? Let’s explore.
What is a Cryptographic Token?
A cryptographic token is a digital asset that uses cryptography to store information. This information can then only be accessed by the owner and transfers, unless they are made public, are private. The information that makes up a token includes who created it, when it was created, who owns it, and any rules set in place that control the transferability of the token.