NFT is a digital asset that is a revolutionary technology ensuring privacy or security of the owner. This presentation is all about its process and development.
2. INTRODUCTION
HOW NFTs WORKS? PROCESS &
DEVELOPMENT
NFT REGULATIONS
CHALLENGES & FUTURE
CONCLUSION
Table of Contents
Points to discuss:
01
02
03
04
05
3. INTRODUCTION
NFT stands for Non-Fungible
Token.
A digital document regarding any
specific content or items. These
documents are based on
Blockchain technology, which
ensure transparency and secure
ownership of these digital
documents or assets.
4. HOW NFTs WORKS?
PROCESS & DEVELOPMENT
• Creation of Assets- NFT refers to the digital
assets like, specific content, music, art,
videos and much more.
• Ownership- It generates a token and verifies
the authenticity of NFTs.
• NFT Marketplace- A platform where
consumers can buy, sell or trade NFTs.
5. • Intellectual Property Rights- It represents
intellectual property rights and licensing
agreements.
• Taxation- Tax implications of transactions
are being considered by legal tax
authorities.
• Consumer Protection- It may merge to
safeguard buyers and sellers from fraud.
NFT REGULATIONS
6. • Market Risk- It could lead to market failure,
potentially causing market instability.
• Environmental Impact- Energy consumption of
blockchain networks using Ethereum, can
create environmental risk.
• Ownership Dispute- Legal Owner of NFT and its
digital associates could lead into complexity.
CHALLENGES
• Tokenization of Real World
Assets- It might enable
fractional ownership of the
assets.
• Digital Identity- It can be used
to verify digital identity and
provide proof of ownership.
FUTURE
7. CONCLUSION
NFT has emerged as a revolutionary concept in today’s digital age. It holds
promising prospects for transforming various industries and reshaping the
future of digital ownership.