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#Frequently asked questions about non-fungible tokens ("NFTs")
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  •  What is a non-fungible token (NFT)?
     What is a non-fungible token (NFT)?
    An NFT ("Non-fungible token") can be any asset in digital format including, but not limited to pictures, photos, animated GIFs, songs, movies, e-books, or a digital document associated with a particular digital or physical asset (e.g. license, user manual, terms of use, personal note, etc.).
     What is a blockchain?
     What is a blockchain?
    Blockchain is a decentralized database that is shared and synchronized amongst nodes of a computer network and operates without the need for central authority. Instead of being closed within a single database, as is the case with centralized systems, files and information are diversified throughout the blockchain and made available to as many computers connected to a common peer-to-peer network as needed.
     What does it mean to create an NFT?
     What does it mean to create an NFT?
    The process of creating an image, music, video or any other digital file and turning it into a digital asset that runs on a blockchain is called "NFT creation".
     What does it mean to mint an NFT?
     What does it mean to mint an NFT?
    The process of turning a digital asset to a non-fungible token by taking the necessary steps to make it authentic, recognizable, traceable and permanently immutable is called "minting an NFT".
     How to create/mint an NFT?
     How to create/mint an NFT?
    For detailed information on how to mint an NFT, please refer to https://telinov8.com/how-to-mint-nft.html.
     Is it expensive to create/mint an NFT?
     Is it expensive to create/mint an NFT?
    Most of blockchains utilize inadequate mathematical methods are used to validate transactions, which unnecessarily burden the entire blockchain system and make it more complex and expensive than it should be. On the other hand, appropriate software tools, such as Telinov8 WM, will enable the NFT minting process to become transparent and easy to monitor, increase reliability and efficiency, and lower prices.
     What is the greatest value of an NFT?
     What is the greatest value of an NFT?
    It is believed that the greatest value of a digital asset, such as a non-fungible token, lies in its authenticity, irreplaceability, traceability and uniqueness.
     What does it mean for a digital asset to be non-fungible?
     What does it mean for a digital asset to be non-fungible?
    Data embedded into a digital asset consists of metadata (file name, author name, description) and a file defined as an invisible digital watermark. In addition, there are so-called "security tags" that consist of a hash code, IP address, digital signature, public key and timestamp, also built into the asset. Metadata, invisible watermarks and security tags, all together, prevent any changes and alterations to the original file structure and preserve immutability.
     Can any digital asset be deemed an NFT?
     Can any digital asset be deemed an NFT?
    Actually, no. In order for a digital asset to be presented as an NFT, there must be a certificate of authenticity and proof of non-fungibility associated with it. There are several ways to achieve this, but the most sustainable solution is to incorporate the data permanently and invariably into the digital asset itself, using appropriate software tools.
#Set out for the future of creating authentic non-fungible tokens
The greatest value of a digital asset, such as a non-fungible token, lies in its authenticity, irreplaceability, traceability and uniqueness. Telinov8 Network is able to verify the authenticity and integrity of data independently of external sources and regardless of external changes that may occur in the meantime.
#Telinov8 Network is a simple and reliable blockchain solution with up to three nodes connected to a common peer-to-peer (P2P) computer network and sharing broadcast data with each other. The data that is transmitted and shared throughout the blockchain is referred to as a digital message. This technology is primarily adapted to dealing with NFTs (non-fungible tokens) or any other digital assets including, but not limited to pictures, photos, animated GIFs, songs, movies or e-books.
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