I am Vikram from Anna University Regional Campus Tirunelveli make you of the resourse you got

1. NFT
(NON FUNGIBLE TOKENS)
NAME :V.J VIKRAM
REG NO : 950019135050
SUBJECT CODE :HS8581
SUBJECT : PROFESSIONAL COMMUNICATION

2. WHAT ARE NFT
 NFT are type of digital tokens where every token is
different and hold unique characters.
 Due to the nature of the NFTs, many NFTS have
varying rarity and are considered valuable in the digital
asset community. Anything from games to painting
and even memes can be an NFT.

3. KEY
CHARACTERISTICS
OF NFT
 Ownership
 Uniqueness
 Rarity
 transparency

4. CAN ANYONE CREATE NFT
 Technically anyone can create NFT however
that does not mean that all NFT will get high
value during the sale
 Many NFT marketplaces allow any users to
create their own NFT , but the user need to
have reputation within the community to earn
a good value for their work
 A higher social media presence and fan base
are the highest factor in determining an NFT
value

5. WHAT TOKEN STANDARD
DOES NFT USES
• Ethereum token standard is the most common
token standard that NFT uses now. ERC -721
and ERC-1155 tokens are standards are widely
used to create various NFT
• Other than Ethereum ,EOS , FLOW, TEZOS, etc
also offer a specific token standard for
developing NFT

6. POPULAR NFT PROJECTS
 Cryptopunks
 Axie infinity
 Decentraland
 Opensea
 NBA topshot

7. USE CASE OF NFT’S
 NFT can help digital artists or any type of artist
to fight plagiarism as they can tokenize their
creations, which can’t be copied
 Luxury goods can be verified making them NFT
and giving ownership to the buyer only
 Manufacturing companies can tokenize their
products in order to offer provenance to their
consumer base
 Games can tokenize in game items for players
and give them ownership over those items

8. HOW SAFE NFT’S ARE?
• The security level of NFT’S is similar to any type of
digital asset and very close to cryptocurrencies
• All the NFT’S are stored on the blockchain plotform
where the ledger is immutable , making to delete or
alter the ownership

9. SECURITY FLAWS
 Recently, nifty gateway was attacked by the third parties
and they stole millions of dollars of worth of art. The nifty
gateway could ultimately return the items to respectful
owners
 Security issue within user authentication are the main
source of recent cyber attacts on NFT
 User not using multi factor authentication processes and
using weak passwords or pin are leading to these security
issues

10. WHERE TO BUY AND SELL
NFT’S
• To buy and sell NFT marketplaces , user needs to create an
account and connect their wallets to the account
• Different marketplace have different supported
cryptocurrencies . The most popular currency currently is
Ethereum . User can use Ethereum to buy NFT’S
• Opensea , superrare , rarible , nifty gateway , mintable are
some of the authorized organization wahwe we can buy
and sell NFT’s

11. WHY ARE NFT’S ARE SO
POPULAR?
• NFT’s started to become mainstream in 2017 but not until
2020. only during 2021 the industries resulted in $1.5 billion in
transections ,which is 2.627% more compared to 2020
• User can lose ,break or destroyed physical assets or collectibles
, but NFT’s can’t be destroyed or stolen . Once a user gets
ownerships ,they can own it forever
• No one can duplicate NFT’s , thus , third parties can’t misuse
the intellectual property of an artist
• NFT’s are more fluid and flexible compared to other
cryptocurrencies . One can transform any type os assest into
an NFT’s

12. THANK YOU