NFT-Revolution on IOTA with Shimmer
In recent months, NFTs have been a major talking point among tech-heads, industry experts, and the art world. Even traditional, non-industry media has covered the feverish debate surrounding the possibility of digitally representing assets on a distributed ledger and trading them as so-called NFTs on dedicated platforms. NFTs are cryptographic tokens that represent something unique (or ‘non-fungible’) in digitized form.
Virtually anything can be digitized and represented as an NFT. You can represent and trade digital assets such as digital artworks, video clips, music, or gaming items as NFTs, as well as physical assets such as real estate, paintings, or vintage cars. Thanks to the underlying DLT, ownership of an NFT is digitally certified and can only be changed (either by transferring it or destroying it) by the owner.