Cryptocurrency Q&A What happens when someone buys an NFT?

What happens when someone buys an NFT?

Valeria Valeria Tue Aug 27 2024 | 6 answers 1479
So, let me ask you this: what exactly takes place when an individual decides to purchase an NFT? Is it simply a digital transaction, or is there more to it? Do they gain ownership rights to the artwork or media file in question? And what happens to the original creator of the NFT? Does the sale benefit them in any way? Additionally, how does the process of buying an NFT differ from purchasing traditional forms of art or media? These are just a few questions that come to mind when considering the implications of buying an NFT. What happens when someone buys an NFT?

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