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What is an NFT? NFT, short for Non-Fungible Token, is a unique digital certificate recorded on a blockchain. While cryptocurrencies like Bitcoin and Ethereum are fungible (can be exchanged for each other), NFTs are non-fungible (unique and cannot be replaced). Think of an original painting. Each painting has its own unique characteristics and artistic value, making it unique. NFTs work in a similar way. Each NFT represents ownership of a unique digital asset, such as a piece of digital art, music, video game, or even a tweet. How Does an NFT Work? NFT Creation: An artist or creator creates a digital work that they want to turn into an NFT. The work is then uploaded to an NFT platform (such as OpenSea, Rarible, or Foundation). The platform converts the digital work into a unique NFT token. Registration on the Blockchain: The newly created NFT token is registered on a blockchain, usually Ethereum. The blockchain records important information about the NFT, such as the current owner, tran...

NFT and Insurance: Safeguard Your Digital Assets Want to protect your NFT investment from the risk of loss? Learn the importance of NFT insurance and how it works. Get complete information on how to keep your unique digital assets safe. NFTs (Non-Fungible Tokens) have become a global phenomenon, changing the way we view digital ownership. With their ever-increasing value, NFTs have become valuable assets that need to be protected. However, like other digital assets, NFTs are also vulnerable to the risk of loss due to hacking, technical errors, or even fraud. Therefore, NFT insurance has emerged as a solution to provide extra protection for NFT owners. What is NFT Insurance? NFT insurance is an insurance product specifically designed to protect the financial value of NFTs owned by policyholders. Just as property insurance protects your home from damage, NFT insurance provides protection against financial losses that may occur due to unforeseen events such as: Hacks: NFTs stored in digit...