A digital kitty was sold for up to USD 120000 on CryptoKitties by following this principle.

How to make a non fungible tokens. The non-fungible token is shortly known as the NFT which is blockchain-based tokenization of any collectible item. They can also be rare or scarce meaning. Non-Fungible tokens solve this problem too Blockchain technology helps in creating a unique and immutable identifying system of these unique non-fungible assets.

For example a 1 bill can be substituted for another 1 bill or for four quarters or a hundred pennies. But its a very distant form of crypto that can not be exchanged aka non-fungible. Lets look at the steps of Making a Non-Fungible Token Art Piece.

Non-Fungible Tokens NFTs are digital assets that are either unique or rare. Thus providing a simple way to transfer ownership and manage access to these NFTs. The best case is CryptoKitties which I will discuss in detail in the next few paragraphs.

These kinds of tokens are unique non-identical indivisible and non-interchangeable. Once your collectibles are. Making a Non-Fungible Token Art Piece in 5 Easy Steps.

Create Non-Fungible Tokens NFTs You can easily create non-fungible tokens NFTs on the WAX Blockchain using the Simple Assets smart contract. Tokens are generally used to create. NFTs can be unique objects meaning there will only ever be one of them to ever exist.

Non Fungible Token is the best example of how a token can be used to create scarcity which results in the creation of value for that token. Using the Simple Assets smart contract you can quickly create in-game items cards stickers and other unique collectibles. An item is fungible when it can be easily exchanged for commonly accepted equivalents.