The word NFT is really at big hype these days, most people think it's just buying digital art at outrageous prices, but it's more than that.

But first, what are NFT's?

NFT stands for "Non Fungible Token". Fungible means something is able to be exchanged or substituted and will hold the same value. For example, a 100 dollar bill, a bitcoin, gold, casino chips etc. But it's all different with NFTs they are non fungible tokens, a token refers to a digital certificate which is secured on a distributed database called a blockchain. In short NFTs are digital assets, publicly verifiable intellectual properties.

In short I can say it is internet owned by individuals.

With the help of Blockchain technology, it is now possible to own virtual assets. The possibilities are endless, it's not just buying NFT stickers. With technology on the rise NFTs will see a bright future, It's just internet 3.0 Where instead of being on the internet you can buy certain parts of it. When internet was a new thing and we just had a few basic websites, most people didn't thought it had huge potential to impact the world. The same is the case here. Internet 3.0 is still in it's baby form, in the future we can definitely see much more use case of NFT'S, we would have hyper-realistic virtual worlds, you could own a unique AI assistant, You could have a med school in the virtual world where the world will look so real that performing surgery would look so surreal. There are many more possibilities which we can't even think of.

Internet 3.0 is the future and is still on it's baby steps, it shows definitely a promising future, and we are very lucky that we are still very early in the story of 3.0.

Say tuned for more interesting articles.