Saad Sheikh NFTS tokens
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  • Reads 7
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  • Parts 1
  • Time <5 mins
Ongoing, First published Feb 22, 2022
Saad Sheikh However, the transfer of token assets is recorded on the blockchain in the same way as a cryptocurrency. In the case of non-fungible tokens (NFTs) on the Ethereum blockchain, effective legal ownership is never transferred to the underlying digital file. 

Saad Sheikh United Kingdom On the other hand, NFTs (which are crypto-currency assets developed in accordance with the specific Ethereum ERC-721 and ERC-1155 standards) are unique and indivisible; interchangeable. Some NFTs are tied to real-world objects, giving value in terms of tangibility backed by immutability of ownership.
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