The transparency of NFT transactions is guaranteed through the use of blockchain technology. Every NFT transaction is recorded in the blockchain, which is a decentralized ledger that is transparent and immutable. This means that every participant in the network can see the details of the transaction, including the ownership of the NFT, the time and date of the transaction, and the payment made for the NFT.
Once a transaction is recorded on the blockchain, it cannot be altered or deleted. This ensures that the ownership and chain of custody of the NFT can be traced back to its creation. Additionally, most NFT marketplaces provide a public record of transactions, which allows anyone to view the history of a particular NFT and its ownership.
Overall, the transparency of NFT transactions is guaranteed by the blockchain technology used to record and store the transactions. This provides a high level of trust and accountability for participants in the NFT ecosystem.
