NFTs are the future of digital ownership and September 20 has formally been acknowledged as International NFT Day. On this day in 2017, the term NFT (non-fungible token) was formally coined by Dapper Labs Chief Technology Officer Dete Shirley in the figure of the ERC-721 standard.
Since then, NFTs have become not only an industry in its own, but a cultural phenomenon where communities are invigorated and people come closer to each other. Featuring unbelievable sports moments, spectacular arts, zealous communities, and creative ideas, programmed appearance has taken a new meaning with NFTs, and resumes to have a huge cultural as well as industrial influence.
International NFT Day is all about commemorates the creators and collectors in the NFT community. It’s also a day for people to understand knowledge of NFTs and initiate with their own collection. For beginners, NFTs are distinctive cryptographic tokens or digital collectibles on the blockchain. Making an NFT is referred to as “minting,” and the ability to possess NFTs is secure, verifiable, and in total control of the owner. Any digital asset can become an NFT: images, art, music, videos – the list goes on.
This news is published and verified by the NFT News media team.
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