A NFT can be defined as a non fungible token or an irreversible digital token.
Assets like diamonds, land, or baseball cards are not fungible because each unit has unique qualities that add or subtract value.
For instance, diamonds; because individual diamonds have different cuts, colors, sizes, and grades, they are not interchangeable, so they cannot be referred to as fungible goods but images, collectibles etc, that are registered on the blockchain with unique identifications, can never be altered because they've become non fungible.
Many High-tech, gaming and governmental sectors, are gradually moving towards its acceptance in various ways.
The advantages of #blockchain in general cannot be over emphasized and NFT has its own unique security futures that is still under developed.
As matter of fact, many industries will eventually go in that direction of using NFTs/collectibles as their unique tool for easy identification of their investors/partners and access to their investments or businesses.
The Healthcare industry has also seen some developments towards the creation of digital technologies/Tokens/Cards that individuals will use in other to access different types of services... Unique for individuals.
Some educational institutions have also gone in that direction, creating unique identification cards/NFTs for the members and staffs of their institutes.
Another trend of the growth and massive usage of NFTs/collectibles, a
re in the area of our social life e.g. Club houses, VIP Lounges, Hotels, Sport Centres etc.
However, there's also the need for a shared understanding of #NFT and the blockchain implementations/use, to help curb the fraud, scam and criminality in that sector. Thus the need for private and government partnership.
The Future of NFTs are quite broad and full of puzzles.
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