Non-fungible tokens represent the ownership of non-fungible items on the blockchain. Like non-fungible items, non-fungible tokens cannot be exchanged for one another. Every token is unique and represents the ownership of unique artwork.
For the longest time, Ethereum has been the preferred platform for developers to build decentralized applications. And why would it not be?! It was the first blockchain to introduce smart contracts and unleash the potential of blockchain beyond the payment system.
The future of the internet is here. Off lately, it’s quite impossible to have a conversation around technology without the use of terms such as Blockchain, NFT, Metaverse and Cryptocurrency.
Polkadot is the blockchain of blockchains. It is fair that Web 3.0 began with the launch of blockchain technology, but the true Web 3.0 revolution will begin as these advancements get adopted into real life.
Decentralized applications or DApps, as the name suggests, are applications that are not owned and managed by a single authority. It uses blockchain to change how apps and programs have been created so far.