Now it is possible to have special cards and art pieces thanks to the NFTs and blockchain.

What can non fungible tokens be used for. Gaming Many games are selling in-game real estate fashion items and lots more. 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. Is there a dark side to the current craze for non-fungible tokens NFTs.

The card can be transformed into a Non-Fungible Token and therefore the card can be stopped from being copied as the original card will have a unique due to the blockchain. Current uses of Non-fungible Tokens. But here are the major industries that are feeling the change.

They can represent everything from virtual land parcels to artworks to ownership licenses. For this Non-Fungible Tokens can be used. Non-Fungible Tokens or NFTs are unique cryptographic tokens that cannot be replicated.

There are many different types of NFTs such as CryptoKitties CryptoPets and CryptoCelebrities. What is NFT non-fungible token. For example a banknote is fungible in that it can be exchanged for other banknotes carrying the same value however a plane ticket is non-fungible as it carries unique information and cannot be used in place of another passengers ticket.

Non Fungible tokens are kind of crypto assets that are not interchangeable ie we cannot exchange one NFT for another token because every NFT holds a different value based on their properties and characteristics. Fungible tokens standard interface is done on ERC-20 and for a non-fungible token NFT ERC-721 is used. Non-fungible is an economic term that you could use to describe things like your furniture a song file or your computer.

Though certainly not the most palatable of terms non-fungibles are actually a pretty simple concept and can be used in a variety of cool and exciting ways to add and exchange value in our world. As well as for crypto-collectibles like CryptoKitties non-fungible tokens can be used for digital assets that need to be differentiated from each other in order to prove their value or scarcity. A non-fungible token NFT is a unit of data stored on a digital ledger called a blockchain that certifies a digital asset to be unique and therefore not interchangeable.