NFT stands for “non-fungible token.” An NFT is a non-replaceable token that tracks digital assets on the blockchain. Each NFT is uniquely tied to a specific item to prevent ownership conflict, and they’re all bound by smart contracts. Therefore, you can buy any item digitally, including music, cloth, food, land, house, and art and track them as NFTs.
Seed hash
These are randomly generated sequence of values that encrypts transaction keys in cryptography. While the “hash” function handles encryption, the “seed” function helps generate unique