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What Can Be Considered to Be an NFT

The Characteristics That NFT Assets Have

• Uniqueness: there can be infinite copies of these assets, and are very easily identical as they are digital files. However, only one person will own the original whose authenticity can be proven thanks to blockchain technology. It is easy to make an analogy with respect to physical works of art: artwork can be reproduced thousands of times around the world and in different formats, but the value lies in the proven original of the work, the unique and irreproducible version of the painter's painting.
• Indivisible: NFTs are sometimes wrongly associated with digital currencies such as cryptocurrencies. For this reason, they are associated with the ability to divide their value. NFTs have a value as a whole asset, and it is not possible to divide them.
• Unalterable: part of the value of this type of digital asset is given by the data that accompanies it and certifies its authenticity, previous purchases, sales, and author. For this reason, it must be accurate data which is possible thanks to blockchain technology. Smart contracts prevent the destruction, replication, or change of information.
• Full Ownership: When an NFT is purchased, ownership of that asset becomes entirely with the buyer. Unlike other goods such as a music disc or a movie, you do not acquire the license to enjoy them, but their property.
• Verifiable: NFTs allows verifying each movement that is made with this asset through the blockchain. This is another aspect that differentiates it from other tangible goods for which we do not have a history of purchases and sales.

How to Buy NFTs

The Difference Between NFTs and Cryptocurrencies

• NFTs are not intended to function as a payment method or money.
• NFTs, are non-fungible. This means that they are irreplaceable by another token of the same value because they are unique. Instead, cryptocurrencies are fungible.
• NFTs cannot be split, unlike cryptocurrencies. The sale of an NFT must be complete and a portion of it cannot be sold.

Challenges for the Use and Regularization of NFTs

Develop a Unique NFT Marketplace in Mississippi