Non-Fungible Token

Non Fungible Token (NFT) – is a cryptocurrency token that is uniquely identified as a one of a kind.

This will become popular in the gaming world where gamers can accumulate exclusive items during game play.

Each non fungible token represents unique differences and rarities.

NFT’s are used for managing scarce or rare digital assets.

Other digital assets that can be managed by non fungible tokens: Real estate contracts, educational degrees, voting, statistics, as well as KYC (Know Your Customer)

Non fungible tokens were originally used with Crypto Kitties, where digital kitties are collectible amongst its gaming fanatics.

mark austin

Share Now!

Comments Closed