ADVANTAGES OF NFT Digital Ownership and Scarcity: NFTs enable verifiable ownership and provenance of digital assets. Each NFT is unique and can represent a specific digital item, such as artwork, music, or collectibles. This uniqueness and scarcity make NFTs valuable and desirable. Immutable and Transparent: NFT transactions are recorded on a blockchain, which ensures transparency and immutability. This transparency helps prevent fraud and ensures that the ownership history of an NFT can be easily traced. Global Accessibility: NFTs can be bought, sold, and traded globally, without the need for intermediaries. This opens up new markets and opportunities for creators and collectors around the world. Royalties and Secondary Sales: NFT creators can embed royalty mechanisms into the NFT smart contracts. This allows creators to earn a percentage of each subsequent sale of the NFT, providing a potential ongoing revenue stream. Website: https://lbmsolutions.in/nft-development-company/