The more complex something is, the simpler it should be understood.

Kapil334

To be honest, I really didn't know what NFT was all about. So, I made up my mind to figure it out. After a few days of relentless effort and seeking guidance, I finally have an answer.

What I've come to understand is that NFT is a form of 'ownership certification' in the virtual world. It's like a property deed for a house or a vehicle ownership certificate for a car! Similar to a receipt you get after buying something, it proves that the item is now yours. The only difference is that it exists in the form of a code.

In our real-life buying and selling processes, we typically exchange money for certificates. However, the virtual world has always had only currency (virtual coins) and lacked certificates. The emergence of NFTs makes buying and selling transactions in the virtual world possible because there is both money and certification. You can buy, I can sell, giving virtual items a tangible value.

If you don't understand, just look at these seemingly boring monkeys. One of them was sold for 21 million dollars, plus a commission of 24.39 million dollars. So now, that monkey belongs to its buyer—that's what it means.

Iravan774

"In fact, everything in the world is primarily based on simplicity.
"

Kabir903

It should be simplified from the beginning; otherwise, it's not worth making things so complicated that it could be overwhelming.