What is a non fungible token

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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.

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