South Korean cryptocurrency exchange Korbit launches NFT market
Corbett, a South Korean cryptocurrency exchange, Has announced the launch of its new NFT market service. First, any Korbit user can join the market and participate in the auction after creating an Ethereum-based NFT wallet. Second, anyone can join as an NFT author and upload their works for auction.
NFT or non-fungible tokens are tokens that cannot be replaced by any other tokens. NFT is an encryption technology that uses blockchain to give each content a unique mark. NFT is the most active application in the field of art; because it accurately identifies the original author of the work, changes in ownership, and any issues related to the current owner. It is worth noting that a unique feature of NFT is that as long as the ownership changes, a certain amount of royalties can be paid to its original author.