Difference between revisions of "What is a non fungible token"
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(Created page with "A Non Fungible Token (NFT) is an unique tradable crypto asset that exists as token on a blockchain. Each token is different which allows for verifiable digital scarcity. NFTs...") |
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| − | A Non Fungible Token (NFT) is an unique tradable crypto asset that exists as token on a blockchain. Each token is different which allows for verifiable digital scarcity. NFTs use the Ethereum [ERC721]] token standard. | + | A Non Fungible Token (NFT) is an unique tradable crypto asset that exists as token on a blockchain. Each token is different which allows for verifiable digital scarcity. NFTs use the Ethereum [[ERC721]] token standard. |
== Some fun NFTs == | == Some fun NFTs == | ||
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* [[Decentraland]] Build, sell and explore land in a virtual world. | * [[Decentraland]] Build, sell and explore land in a virtual world. | ||
* [[War Riders]] Build your own war vehicle to mine and attack enemies. | * [[War Riders]] Build your own war vehicle to mine and attack enemies. | ||
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| + | == Some uses for NFTs == | ||
| + | * Concert/sports tickets - Helps to prevent fraud. | ||
| + | * Access keys | ||
| + | * Land deeds - Prove ownership without the need for bureaucracy. | ||
| + | * Licenses | ||
| + | * High value items - Log ownership information incase something is stolen. | ||
| + | * Yourself | ||
| + | * And more | ||
Latest revision as of 18:59, 1 May 2019
A Non Fungible Token (NFT) is an unique tradable crypto asset that exists as token on a blockchain. Each token is different which allows for verifiable digital scarcity. NFTs use the Ethereum ERC721 token standard.
Some fun NFTs
- CryptoKitties Buy, sell, trade and breed digital kitties.
- Decentraland Build, sell and explore land in a virtual world.
- War Riders Build your own war vehicle to mine and attack enemies.
Some uses for NFTs
- Concert/sports tickets - Helps to prevent fraud.
- Access keys
- Land deeds - Prove ownership without the need for bureaucracy.
- Licenses
- High value items - Log ownership information incase something is stolen.
- Yourself
- And more
