Difference between revisions of "What is a non fungible token"

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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.
 +
 +
== Some uses for NFTs ==
 +
* Concert/sports tickets - Helps to prevent fraud.
 +
* Access keys
 +
* Land deeds - Prove ownership without the need for bureaucracy.
 +
* Licenses 
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* 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