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NFTs explains: what makes crypto tokens and how you can create them yourself

Digital works, regardless of whether they are video, music, images or software, have one basic characteristic in common: they are easy to reproduce and a copy is identical to the original, there are no signs of wear and tear. Even the copy can be reproduced without the copies being distinguishable from the original. With the help of DRM, the use can be controlled to a certain extent, if the author wants it. But the wear-free copy makes the creation of limited, exclusive or unique works difficult. The raw data of the work cannot be used to determine with certainty whether a particular specimen belongs to me.

Lovers and investors alike are happy to pay more for exclusivity, some hope for enormous price increases. Not only the art market lives from the fact that there are only one or a few copies of an original. Even mundane things such as rare trading cards, limited editions or simply luxury goods of all kinds are traded according to this principle. So the temptation to transfer this business model to the digital world is great.

NFTs are designed to do just that. A "Non-Fungible Token", a non-exchangeable, unique token, allows proof that a particular copy is in fact unique. Not necessarily in terms of content, reproductions are still possible. Instead, thanks to the NFT, the owner receives proof that his copy is the "original". Since almost anything can be declared with NFTs, even a simple tweet can be auctioned. In this article we want to show what NFTs are all about, how you can simply create them yourself and trade with them.