Ownership NFT refers to a non-fungible token that certifies the ownership of a unique digital asset. Unlike cryptocurrencies such as Bitcoin, which are identical and can be exchanged on a one-to-one basis, NFTs represent specific items or pieces of content, making each one distinct.Owning an NFT means you hold a verified proof of ownership, stored on a blockchain. This technology ensures that the history of ownership is transparent and cannot be altered. Common uses for NFTs include artwork, music, virtual real estate, and collectibles.When someone purchases an NFT, they gain rights to the item, but this doesn’t always include copyright or reproduction rights unless specifically stated. The popularity of ownership NFTs has grown significantly, as creators and collectors look for new ways to monetize and trade unique digital offerings. Overall, ownership NFTs combine creativity and technology, providing a way to authenticate and trade digital assets in a secure manner.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes