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Digital goods and collectibles.
Non fungible tokens use cases. Uses Of Non-Fungible Tokens. Use-Cases of NFT A Complete Guide. For example 1 Golem-ERC20 token is identical to another Golem token.
Non-fungible tokens can be used for many use cases such as following but not limited to. Owing to the properties mentioned above a non-fungible token has a wide variety of applications in multiple fields. Let us look at a few of them below.
1 Digital certification is a use case that particularly interests educational institutes. Several firms are currently experimenting with NFT for a variety of use cases such as gaming assets collectibles certificates and fine art. The inventiveness of artists to appropriate Non-Fungible Tokens is booming and paves the way for new use cases that have so far been little explored.
NFT Development Platform NFT Art Tokenization Development NFT Marketplace Development NFT Gaming Platform Development NFT Fashion Industry Platform Development NFT Exchange. Non-fungible tokens are a suitable match for real-world assets logistics music royalties and more because of their scarcity and uniqueness. Some games used to.
However the initial story started back in 2015 when non-fungible tokens were launched on top of Bitcoin using counterparty an L2 solution for Bitcoin. Indeed even if art is only a tree that hides in the forest of NFT use cases. Similarly you can say the same thing for OmiseGO tokens they are fungible.
NFT systems can be used for simpler KYC verifications where instead of using paper documents to prove an individuals identity a non-fungible token can be used to represent and verify a particular person. Real-estate NFT tokens can be used in real-estate here the ownership of properties lands houses etc can be recorded in an NFT token. Non-fungible tokens appear to be creating a solid foundation for blockchain and cryptocurrency adoption with a wide spectrum of use cases helping businesses save money on fraud counterfeit items copyright issues and helping people manage their personal data and privacy.
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