Especially with the development and spread of cryptocurrency markets, we have heard the concept of NFT more often. Underlying NFTs is a powerful technology that many people have heard of, but don’t know exactly what it is. This time, KuCoin continues with NFTs to solve all the question marks.

The place of concepts like blockchain, cryptocurrency, NFT and metaverse in our lives does not go back to ancient times. The rapid development of technology requires rapid adaptation of people. Global cryptocurrency exchange KuCoin is doing its bit with the information it provides in this direction. The exchange is now also talking about NFT for starters.

NFT, which stands for Non-Fungible Token, is defined as unique digital asset in its shortest form. The Turkish equivalent of the term non-fungiable means immutable. Creating unique tokens, each of which is unique, is the foundation of the logic in NFT.

With the evolving cryptocurrency market and blockchain technology, one of the topics that quickly came into our lives last year was NFT. With the bull cycle in the cryptocurrency market, the demand for NFTs has also skyrocketed and many major brands have even offered their own NFTs to their users.

While NFT and cryptocurrencies are both basically based on blockchain technology, there are many differences from each other. For example, while there are 21 million Bitcoins in the world, NFTs are known as much more unique and unique products. NFTs cannot be modified and reproduced at the same time.

NFTs are poorly known

Contrary to popular belief, the areas of use of NFTs are quite diverse. While many people think that NFTs are just collectibles, NFTs can often be used in online games, crypto artworks and the Metaverse world because of their ability to confer intellectual property. While ERC-721 and ERC-1155 standards are generally used on the Ethereum network, there are NFTs in many different networks with the evolving market.

KuCoin, the world’s largest altcoin exchange within the evolving cryptocurrency and blockchain industry, recently launched NFT Marketplace. Weather vaneintroduced the. Together with Windvane, the exchange aims to provide investors with secure access to NFT collections.

What is Fragmented NFT?

When we looked at the concepts related to NFTs a few years ago, it was possible to say that there were digital assets that could not be divided or fragmented. Although the situation has not changed in recent years, Fragmented NFT (Fractional NFT) The concept entered our lives. Fragmented NFTs, which allow NFT artworks to be tokenized and sold to more than one person, provide access to many NFTs at a very high price. Known for its investments in development areas such as Metaverse and NFT, KuCoin began offering fragmented NFT service to facilitate access to Blue-Chip NFTs after Windvane.

KuCoin is getting ready to celebrate its 5th anniversary on September 27 and has introduced an NFT series to its users especially for this celebration. Join KuCoin’s 5th Year Enthusiasm and Enter the NFT World Safely Login.

Source: (BYZHA) – Beyaz News Agency