How does NFT work?

There are many different frameworks for creating and releasing Non-fungible Tokens. But the most prominent is TRC-721, a standard for issuing and trading non-fungible assets on the Ethereum blockchain.
A new and more improved standard is the TRC-1155. It allows for a single contract to contain both fungible tokens and non-fungible tokens. The standardization of the NFTs adoption allows for a higher level of interaction, benefiting users. Basically, unique assets can be transferred between different applications easily.
Like other blockchains, NFTs will exist on one address. Notably, NFTs cannot copy or transfer without the permission of the owner, not even the NFTs issuer.

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EF1 is a Defi Platform that allows users to save, loan, borrow and pay Crypto Assets in a global network.