What is blockchain in development?

A blockchain is a decentralized digital ledger that saves transactions on thousands of computers around the globe. These are registered in a way that inhibits their subsequent modification

Blockchain is revolutionizing industries including fintech, real estate, and supply chain management. Companies work with Toptal's blockchain consulting services to augment their application development teams for cryptocurrency exchange and wallet development, mobile app development, and other projects.

What are NFTs?

  • Stands for Non-fungible token
  • It’s unique, can’t be replaced
  • most NFTs are part of the Ethereum blockchain
  • NFTs can really be anything digital

NFTs are individual tokens with valuable information stored in them. Because they hold a value primarily set by the market and demand, they can be bought and sold just like other physical types of art. NFTs' unique data makes it easy to verify and validate their ownership and the transfer of tokens between owners.

An NFT can't be 'deleted', however it can be 'burned'. Once an NFT is minted or uploaded to the blockchain, it is considered immutable; this means it will exist on the blockchain forever. An NFT can be 'burned' by being sent to an inaccessible address, as it is removed from circulation.