What is Non-Fungible Token?
Digital Asset
Non-Fungible Token (“NFT”) is a digital token that hold a unique data which cannot be readily interchanged. We use the NFT for represent the ownership of unique item, such as drawing, digital art, game item, music, or etc. Most NFTs generally are on Ethereum blockchain. Because of holding a unique data, the value of NFT depends on the value of asset that NFT represent. The NFT is typically sold on online platform by bidding.
Legal Insight Vol. June 2021 of Bangkok Global Law
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