For example 1 Golem-ERC20 token is identical to another Golem token.

Non fungible tokens uses. 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. Digital Art The tokenization of digital fine art GIFs animations and so on is already a successful reality. Digital goods and collectibles.

Each NFT token will have a unique identification code and metadata that distinguishes it from other NFT tokens. By issuing certificates on the blockchain it solves the problem of counterfeit certification or education degree. But Non-Fungibles cannot carry the same value.

In the past few years the usage of NFTs has grown and it is now used in several industries across different sectors. Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from. Tokens can be used by anyone who has what is known as a private key.

NFT use cases. What are Non-Fungible Tokens NFT. Uses Of Non-Fungible Tokens.

A few use cases could be Providers could represent healthcare service offerings as non-fungible tokens. In the world of fantasy sports non-fungible tokens can represent certain players or certain assets that can be traded within the. But here are the major industries that are feeling the change.

Since the success of CryptoKitties in late 2017 the application of NFTs has grown rapidly proving the functionality of blockchain in sectors far beyond finance and cryptocurrency. Which can be investment products collectibles art or any other product of significant value. Remember the example of you lending your car to your friend.