And these assets are not just limited to physical collectibles like paintings but comprise of a plethora of digital collectibles like GIFs music artworks and so on.

Non fungible tokens uses. Similarly you can say the same thing for OmiseGO tokens they are fungible. Uses Of Non-Fungible Tokens. Several firms are currently experimenting with NFT for a variety of use cases such as gaming assets collectibles certificates and fine art.

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from. NFT use cases. Attributes could be the service description provider cost redemption expiration date etc.

Cryptocurrencies such as Bitcoins or Ether are an example. Real-World Uses Of Non-Fungible Tokens. Lets take a look at the most popular cases.

The digital units stored on blockchains are called tokens. Could NFTs tokenize the real world. While non-fungible assets have been in existence for a long the non-fungible tokens have risen to prominence recently after the world became obsessed with CryptoKitties.

1 Digital certification is a use case that particularly interests educational institutes. The real-world uses of non-fungible tokens are starting to become more common and more diverse. Art is opening the doors for the adoption.

By issuing certificates on the blockchain it solves the problem of counterfeit certification or education degree. Non-fungible tokens can also be used in the realm of sports. For example 1 Golem-ERC20 token is identical to another Golem token.