{"id":7078,"date":"2022-07-06T10:53:56","date_gmt":"2022-07-06T03:53:56","guid":{"rendered":"https:\/\/bap-software.net\/?post_type=knowledge&#038;p=7078"},"modified":"2024-04-23T15:11:38","modified_gmt":"2024-04-23T08:11:38","slug":"what-is-nft","status":"publish","type":"knowledge","link":"https:\/\/bap-software.net\/en\/knowledge\/what-is-nft\/","title":{"rendered":"What is NFT and its application in the technology age"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">According to Google Trends, searches and interest for the keyword \u201cWhat is NFT\u201d have increased sharply in 2021, even surpassing Dogecoin and Ethereum. Many people have been willing to spend millions of dollars to collect NFTs. So what is NFT and what makes it so attractive that so many people &#8220;pour money&#8221; into NFT? Let&#8217;s decipher it through the following article!<\/span><\/p>\n<h2><b>I. What is NFT?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">NFT stands for Non-fungible token &#8211; Non-fungible asset. In which:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-fungible: irreplaceable, unique.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Token: is a cryptocurrency, developed based on an existing coin.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">NFT is a digital asset that exists and operates based on blockchain technology. Blockchain stores information in the form of a ledger that ensures the authenticity of assets and owners.<\/span><\/p>\n\t\t\t<div class=\"related_one_post\">\n\t\t\t\t<p class=\"title_label\"> Related Article <\/p>\n\t\t\t\t<div class=\"one_post_contents\">\n\t\t\t\t\t<div class=\"thumb\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.bap-software.net\/2022\/11\/advantages-of-nft-play-to-earn-games.png\" alt=\"Overview of the NFT Play to Earn Game for Beginners\u00a0\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"desc\">\n\t\t\t\t\t\t<h6 class=\"title_one_post\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/overview-of-the-nft-play-to-earn-game-for-beginners\/\" title=\"Overview of the NFT Play to Earn Game for Beginners\u00a0\"> Overview of the NFT Play to Earn Game for Beginners\u00a0 <\/a>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<div class=\"read_more\">\n\t\t\t\t\t\t\t<p class=\"read_more_text\">\n\t\t\t\t\t\t\t\tThe video game industry has been growing steadily in recent years. Millions of gamers are participating in NFT games and the Play to earn mechanism has attracted them to stick with the game more. If y...\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t\t<p class=\"link_read_more\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/overview-of-the-nft-play-to-earn-game-for-beginners\/\"> Read more\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\n<p><span style=\"font-weight: 400;\">The introduction of NFT as a method of registering ownership of a particular property. For example: works of art; collections; in-game items; music products; GIF images, videos; etc\u2026 They are bought and sold online in the form of digital currency payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you buy an NFT painting, you don&#8217;t take the painting home, you buy ownership of the painting.<\/span><\/p>\n<div id=\"attachment_7082\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7082\" class=\"wp-image-7082 size-full\" src=\"https:\/\/cdn.bap-software.net\/2022\/07\/what-is-nft.jpg\" alt=\"NFT l\u00e0 g\u00ec?\" width=\"850\" height=\"500\" \/><p id=\"caption-attachment-7082\" class=\"wp-caption-text\">What is NFT &#8211; Image: cafef.vn<\/p><\/div>\n<h2><b>II. Features of NFT<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">What are the characteristics of the NFT that make it so special?<\/span><\/p>\n<h3><strong><i>1. Unique<\/i><\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Each NFT has a digital signature, so the NFT is a unique item (in a certain platform, ecosystem), cannot be replaced or copied, and one NFT cannot be exchanged for another.<\/span><\/p>\n\t\t\t<div class=\"related_one_post\">\n\t\t\t\t<p class=\"title_label\"> Related Article <\/p>\n\t\t\t\t<div class=\"one_post_contents\">\n\t\t\t\t\t<div class=\"thumb\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.bap-software.net\/2022\/11\/MIR4-NFT-Game.jpg\" alt=\"What are Free To Play NFT Games? Check out some of the hottest free to play games\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"desc\">\n\t\t\t\t\t\t<h6 class=\"title_one_post\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/free-to-play-nft-games\/\" title=\"What are Free To Play NFT Games? Check out some of the hottest free to play games\"> What are Free To Play NFT Games? Check out some of the hottest free to play games <\/a>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<div class=\"read_more\">\n\t\t\t\t\t\t\t<p class=\"read_more_text\">\n\t\t\t\t\t\t\t\tThe NFT Play to Earn Game segment is extremely active in recent times when helping players entertain and generate income. Are you new to the cryptocurrency market? Do you want to join the NFT gaming t...\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t\t<p class=\"link_read_more\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/free-to-play-nft-games\/\"> Read more\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\n<h3><strong><i>2. Scarcity<\/i><\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Usually, the issuer will limit the number of NFTs to increase their scarcity. This helps drive their value and gives NFTs a high valuation.<\/span><\/p>\n<h3><strong><i>3. Indivisible<\/i><\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Different from cryptocurrency when you can split money to trade. NFTs are intact and indivisible assets.<\/span><\/p>\n<div id=\"attachment_7079\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7079\" class=\"wp-image-7079\" src=\"https:\/\/cdn.bap-software.net\/2022\/07\/characteristics-of-nft.jpeg\" alt=\"feautures NFT\" width=\"850\" height=\"478\" \/><p id=\"caption-attachment-7079\" class=\"wp-caption-text\">Features of NFT &#8211; Image: phongvu.vn<\/p><\/div>\n<h3><strong><i>4. Verifiable<\/i><\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Anyone can verify the ownership and owner of the NFT through the data on the blockchain.<\/span><\/p>\n<h2><b>III. Application of NFT in the age of technology<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">NFT is applied in many fields today. According to Leon Truong &#8211; Chairman of DTS Alliance and Chairman of BAS Sustainable Blockchain Alliance: \u201cThe NFT model solves many very specific problems in each field, helping digital assets assert their value and grow in the future\u201d. Let\u2019s take a look at some of the popular fields below:<\/span><\/p>\n\t\t\t<div class=\"related_one_post\">\n\t\t\t\t<p class=\"title_label\"> Related Article <\/p>\n\t\t\t\t<div class=\"one_post_contents\">\n\t\t\t\t\t<div class=\"thumb\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.bap-software.net\/2022\/12\/what-are-nft-games.jpg\" alt=\"What are NFT games? TOP 5 NFT games worth experiencing\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"desc\">\n\t\t\t\t\t\t<h6 class=\"title_one_post\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/top-nft-games-worth-experiencing\/\" title=\"What are NFT games? TOP 5 NFT games worth experiencing\"> What are NFT games? TOP 5 NFT games worth experiencing <\/a>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<div class=\"read_more\">\n\t\t\t\t\t\t\t<p class=\"read_more_text\">\n\t\t\t\t\t\t\t\tNFT Game is probably a familiar name in the gaming industry as well as the cryptocurrency market. If you are a gamer, you must have experienced many interesting NFT games. But if you are new to this m...\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t\t<p class=\"link_read_more\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/top-nft-games-worth-experiencing\/\"> Read more\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\n<h3><em><strong>1. Art<\/strong><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">NFT Art is a form of NFT in the field of art. The wave of NFT trading became more bustling thanks to the appearance of many artists. In particular, Grimes (Canadian famous female singer and music producer) earned $ 5.8 million in less than 30 minutes by selling a collection of NFT paintings and music videos. Blockchain technology helps prevent plagiarism, artists will rest assured to protect the copyrights of their works.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, many NFT paintings, photos are sold on social networking platforms and users can easily search and trade.\u00a0<\/span><\/p>\n<div id=\"attachment_7080\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7080\" class=\"wp-image-7080 size-full\" src=\"https:\/\/cdn.bap-software.net\/2022\/07\/nft-art-1.png\" alt=\"NFT Pixel art tr\u00ean Behance\" width=\"850\" height=\"519\" \/><p id=\"caption-attachment-7080\" class=\"wp-caption-text\">NFT Pixel art on Behance &#8211; H\u00ecnh \u1ea3nh: Behance<\/p><\/div>\n<h3><em><strong>2. Fashion<\/strong><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Fashion industry is also not out of the new trend of technology through the application of NFT to their collections.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Example: Virtual sneaker brand RTFKT Studios has teamed up with artist FEWOCiOUS (real name Victor Langlois) to produce a series of new shoes. Potential buyers can try on virtual shoes on Snapchat. As a result, the company sold 600 pairs for a total value of $3.1 million.<\/span><\/p>\n\t\t\t<div class=\"related_one_post\">\n\t\t\t\t<p class=\"title_label\"> Related Article <\/p>\n\t\t\t\t<div class=\"one_post_contents\">\n\t\t\t\t\t<div class=\"thumb\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.bap-software.net\/2022\/06\/the-potential-of-gamefi-in-the-future.png\" alt=\"What is GameFi and things to know for newbies\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"desc\">\n\t\t\t\t\t\t<h6 class=\"title_one_post\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/what-is-gamefi\/\" title=\"What is GameFi and things to know for newbies\"> What is GameFi and things to know for newbies <\/a>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<div class=\"read_more\">\n\t\t\t\t\t\t\t<p class=\"read_more_text\">\n\t\t\t\t\t\t\t\tThe new trend of the video game industry in 2021 to now is GameFi. This model became popular in the last two years. So what is GameFi and why did it become a craze and attract a large number of player...\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t\t<p class=\"link_read_more\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/bap-software.net\/en\/knowledge\/what-is-gamefi\/\"> Read more\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\n<h3><em><strong>3. Sport<\/strong><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Sports NFT is one of the new and interesting trends for many people. These NFTs can be: publications related to athletes or special moments from matches, tickets to sporting events,\u00a0 etc.<\/span><\/p>\n<div id=\"attachment_7081\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7081\" class=\"wp-image-7081 size-full\" src=\"https:\/\/cdn.bap-software.net\/2022\/07\/sport-nft.png\" alt=\"NFT Sport\" width=\"850\" height=\"638\" \/><p id=\"caption-attachment-7081\" class=\"wp-caption-text\">NFT Sport &#8211; Image: vneconomy.vn<\/p><\/div>\n<h3><em><strong>4. Gaming<\/strong><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">In gaming, what is NFT? Those are characters, items, weapons, etc.,&#8230; Players can buy and sell those NFTs and make a profit. Therefore, NFT is used to help boost the in-game economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFT combined with Gaming has created a very popular trend that is Play to Earn.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Learn more about Play to Earn at: <\/span><\/i><a href=\"https:\/\/bap-software.net\/en\/knowledge\/what-is-play-to-earn\/\"><i><span style=\"font-weight: 400;\">What is Play to Earn? All information revolves around the P2E trend<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Many NFT games are released to create conditions for players to experience and generate income. Popular games can be mentioned such as: Axie Infinity, The Sandbox, DeFi Warrior, Splinterlands, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hope this article can help you understand \u201cWhat is NFT?\u201d. With the above applications, NFT has proven to be of great value in the new technology era. NFT has opened up many opportunities for creators to create special works and earn a lot of money, or bring a win-win playground for publishers and players in NFT games. And there are many more areas that NFT is and will exploit in this open future.<\/span><\/p>","protected":false},"author":25,"featured_media":7081,"template":"","meta":{"_acf_changed":false},"tags":[9291,9292,9290],"blog-cat":[2074,2058],"class_list":["post-7078","knowledge","type-knowledge","status-publish","has-post-thumbnail","hentry","tag-nft","tag-game","tag-blockchain-technology","blog-cat-blockchain","blog-cat-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is NFT and its application in the technology age<\/title>\n<meta name=\"description\" content=\"According to Google Trends, searches and interest for the keyword \u201cWhat is NFT\u201d have increased sharply in 2021, even surpassing Dogecoin and Ethereum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bap-software.net\/en\/knowledge\/what-is-nft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is NFT and its application in the technology age\" \/>\n<meta property=\"og:description\" content=\"According to Google Trends, searches and interest for the keyword \u201cWhat is NFT\u201d have increased sharply in 2021, even surpassing Dogecoin and Ethereum.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bap-software.net\/en\/knowledge\/what-is-nft\/\" \/>\n<meta property=\"og:site_name\" content=\"Software development - 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