Non-fungible tokens are cannot be replaced by any other similar tokens, it is a unique token and Non-interchangeable. Most of the NFTs are found on the market and it’s based on the Ethereum protocol called ERC-721. This ERC-721 is the backbone for the creation and trading of non-fungible assets. ERC-721 Tokens can be used to represent ownership over assets, includes physical assets such as land, houses or virtual assets like digital assets

1. WELCOME
TO NON-
FUNGIBLE
TOKEN
(NFT)
NADCAB TECHNOLOGY

2. INDEX
• What Is a Non-Fungible Token (NFT) ?
• How do you use NFTs ?
• How do NFTs work ?
• Why is everyone investing in NFTS ?
• What is the future of NFTs ?
• How is NFT different from Bitcoin ?

3. What Is a Non-Fungible Token (NFT)?
Non-fungible tokens (NFTs) area unit the digital illustration of distinctive
assets. NFTs are a additional distinct quality category that might
amendment additional use cases than native blockchain tokens or
alternative fungible tokens.

4. In the past few years, the usage of NFTs has adult, and it's currently employed
in many industries across completely different sectors. they are connected with
the diversion and digital collectibles areas and are most ordinarily found as a
selected Ethereum token created on the ERC-721 model.
In 2021, the usage can increase to expand to alternative blockchains like
binance good Chain's BEP-721 model.

5. How do you use NFTs ?
Use Cases of Non-Fungible Token:
Gaming Industry
NFTs are widespread within the gaming trade since these tokens solve a number of
their internal difficulties. for example, widespread games nowadays like PUBG and
Fortnite ban the acquisition of rare options and things like weapons. With NFTs, these
things will simply be transferred and used.

6. Digital Assets
When we point out Decentral land, members should purchase virtual
land. Another example additional acquainted to house is ENS (Ethereum
Name Service), that uses NFT's for its. ETH domains to assist to shop for
and sell.
Identity
NFTs are good for competitive for identification fraud. samples of things
that may be digitized to represent identity include qualifications, medical
reports, and looks.

7. Moreover, digital creators will flip their merchandise into NFTs for copyright
concepts. NFT's use to verify identity involves turning physical game tickets
into non-fungible tokens to avoid counterfeits.
Collectibles
NFTs brought a fresh character to the collectible world. ancient professionals
are presently onto digital assets. The use cases of NFTs are developing. some
days back, Jehan Chu, introduction father of blockchain investment firm
Kenetic , divided over $84,000 for 680,000 acknowledgement (HNS) NFTs,
allowing the bearer to issue. NFT net domain extensions via the
acknowledgement blockchain.

8. The Chu brought up as NFTs the "true lacking link between on-line and
offline things" and express his hope that they'll convert business, finance,
society, and culture.
As well as being rare, NFTs facilitate from clarity due to their recording
on a public ledger, adding a layer of security to collectible assets that
folk appear to have an interest in.

9. How do NFTs work?
NFTs represent distinctive crypto tokens that are managed on the Ethereum
blockchain. As blockchain could be a localised ledger, it traces the possession and
group action history of every NFT, comprising a code, distinctive ID and information
that remains unduplicated.
While execution any group action with NFTs, A entry is generated. This entry
includes associate address to the file to ascertain possession of that NFT. once you
transfer one token to somebody, the token code is appointed to it recipient. This
method makes it easier to see the owner of NFT on the blockchain. NFTs embrace
possession details so they'll be simply known and transferred between the token
holders. The homeowners will add information or attributes as per the assets in
NFTs.
In earlier times, the possession was supported either keeping the art piece in
custody or elsewhere. But, today, the purchased things is tokenized into their digital
kind and whoever owns that token owns the particular art piece.

10. NFTs see the individual tokens with extra info. this extra info permits NFTs
in patterns of music, video, art in JPG, MP3, GIF formats. As NFTs hold a
high price, they'll be bought and sold-out like different sorts of collectibles.
With the broad spectrum of benefits and characteristics, non-fungible
tokens facilitate numerous sectors to avoid wasting cash on fraud detection,
copyright problems, counterfeit merchandise, and folks managing their
personal and private knowledge.

11. As multiple industries are incorporating blockchain technology in their
functionalities, NFTs stand distinguishably as revolutionizing entities.
According to my analysis and analysis of diverse blockchain development firms, I
found that Leeway Hertz offers wonderful help in developing and provision NFTs
for your design or different collectibles. The company's expert consultants hold a
novel caliber at launching NFTs on totally different blockchain platforms and
implementing them in your comes.

12. Why is everyone investing in NFTS?
Because they’re running on the blockchain network.
• NFT’s are not possible to copy. trust what that solves. Art fraud has calculable
losses of eight billion greenbacks annually. If no one will “copy them” since
they’re created on the blockchain network, NFTs simply resolved associate eight
billion dollar drawback.
• It’s to prove that they’ve created it. It’s hard/time-consuming for a great deal
of artists to have the property rights of a chunk of art - verified by the
blockchain.

13. • No have to be compelled to head to art shows, galleries, or exhibits to
display/sell work.
• Think concerning information Z. Younger millennials currently (that i do know of)
don’t hold art in their homes, or ever set up on to. Pictures, finances, and contacts
are all hold on on your phone. we tend to have become additional digitalized.
Mark my words, it's going to not be obvious currently - however as technology
continues to develop, we’ll be additional dependent on that. NFTs area unit getting
to be a vast quality category within the way forward for the virtual economy.

14. What is the future of NFTs?
A non-fungible token (NFT) could be a unit of information on a digital ledger known
as a blockchain, wherever every NFT will represent a novel digital item, and
therefore they're not interchangeable. NFTs will represent digital files like art, audio,
videos, things in video games and alternative kinds of artistic work. NFT are about to
be used for large choice of
Computation Activity
Digital Contracts
Digital Arts Audio
Music Video Games

15. How is NFT different from Bitcoin?
An NFT (non-fungible token) may be a special cryptographically-generated token that
uses blockchain technology to link with a novel digital quality that can't be
replicated. Non-fungible tokens disagree from standard cryptocurrencies like Ether
(ETH), Bitcoin (BTC) and Monero (XMR), as a result of in contrast
to different cryptocurrencies, you can't exchange NFTs however solely obtain and
sell it on special marketplaces

16. THANK YOU
Non-fungible tokens
NADCAB TECHNOLOGY