Research on NFT in the Context of Blockchain

Abstract

A non-fungible token (NFT) is a unit of data on what is known as a blockchain digital ledger, where each token can represent a unique piece of digital data. Since they are not interchangeable, non-homogeneous tokens can represent digital files, such as paintings, sounds, movies, projects in games, or other forms of creative work. Blockchain allows users on the C or B side to place personal data or business data on the blockchain network, instead of homogenous token, thus becoming the next hot spot in the Internet industry. 2021 was perhaps the most critical year for the industry so far. In this paper, 2020 can be defined as a year of construction and preparation, which saw great progress and positive results on the most important indicators and macro indicators for the industry. There are more wallets and transactions interacting with DApps than ever before, and the demand for NFT and games has increased dramatically.