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The NFT is a widespread technology that is open to all crypto users. Any artist can create, purchase or even sell their NFT at different well-known NFT Marketplaces. There are various NFT Marketplaces available in the global marketplace; you can choose any of them based on your preferences. The market of NFT is immense, its decentralized platform, and accessible and trustworthy framework makes it a great option for digital assets in the global marketplace. Metaverse companies gain the benefits of NFTs to innovate their solution to the next level. This technology changed the infrastructure of the virtual world and rose to prominence in 2021. The concept of NFT can be seen as revolutionary for the blockchain industry as it defined many new standards and ideas which resulted in offering many innovative solutions to make the specific industry more reliable and efficient. Many of us consider it as a reliable option to earn huge profits from our digital collection while others consider it as...

  What is a Smart Contract? Smart contracts can be described as digital contracts where the terms of the deal between two or more parties are set in the form of code. They are capable of verifying if the terms of the deal have been met or not.  Smart contracts run on the blockchain, so they are kept on an open database and can't be altered or changed. Storing more data on the blockchain will be highly expensive and consumes a lot of energy and that’s why most NFTs are not stored on the blockchain. Therefore, the owner can always access the work by the link of the smart contract. What makes smart contracts ‘smart’?  Smart contracts are chunks of code that carry out transactions automatically. These codes just check certain conditions and then perform the required action to complete the transaction, reducing the time, cost, and effort related to traditional contracts. Smart contracts are more secure, fast, and transparent as they are stored on the blockchain. Advantages of ...