• What are NFT and FT, and analysis of their uses

    The full name of NFT in English is Non-Fungible Token, which translated into Chinese is: non-fungible token, which has the characteristics of indivisible, irreplaceable, and unique. On the blockchain, digital cryptocurrencies are divided into two categories: native coins and tokens. The former, such as the familiar Bitcoin, Ethereum, etc., has its own main chain and uses transactions on the chain to maintain ledger data; tokens are attached to the existing blockchain and use smart contracts to record ledgers. Such as tokens issued on Ethereum. Tokens can be divided into two…