Friends, hello!
NFT is an English abbreviation for Non-Fungible Token.
This is a non-interchangeable token that represents a unique and indivisible digital asset.
While one BTC or ETH is equivalent to any other BTC or ETH, one NFT has no equivalent.
This is like comparing ordinary and commemorative coins, posters from the same magazine issue and paintings.
- Each NFT is unique.
- Any digitized asset can be represented as NFT.
- NFT will unambiguously secure your ownership rights in the blockchain.
In addition to the obvious examples such as images, video and audio, NFTs may represent ownership rights to any part of GameFi projects.
NFTs can also serve as an unconditional confirmation of the authenticity of a tokenized object: identity, documents, transactions, and so on.
This is not the limit for NFT technology. This area of the crypto industry is at the very beginning of its development path.
See our Memorandum for more details:
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