NFT tokens are very popular now and there is probably no person who hasn’t heard about it. NFTs have now flooded the world of crypto exchanges and are one of the most unique tokens. They have no analogues and each object has its own price. This NFT is different from other digital currencies.
It is impossible to buy a share of these objects, as they are sold completely and completely. You can take the idea of any movie, character, picture, music and create your own unique token. After that, you need to tokenize your product and you will become the owner of the NFT. For example, if you buy a game item with internal tokens, then it still remains the property of the developer. Yes, the product can be changed or removed altogether, but if it is tokenized in NFT format, ownership will be confirmed. The data of token holders will be entered into the blockchain and this makes it impossible to fake the product.
Why NFT tokens are needed
NFT is used to transfer digital assets into physical ones. That is, so that the files can be protected from plagiarism and unauthorized use. We put together a list of where NFT can come in handy in real life:
- Licensing books, films, music and other intellectual assets.
- Sell original works at auctions if the work exists in electronic form.
- Trade skins, textures, weapons, etc in games, as new games are created all the time and some are gaining popularity very quickly.
- Register the rights to objects in the physical world (confirmation of the right to real estate, cars, etc.).
NFT tokens have a wide range of applications: video games, visual arts, distribution of theater tickets. NFTs could become the backbone of an emerging cyber economy. NFTs allow physical goods to be digitized. These tokens work like an entry in a database. The right solution for storing NFTs will be a crypto wallet, where the private key will be only with you and with maximum network support.
NFT tokens in identification and certification
Technology is advancing so fast that soon the citizens of the country will be able to receive NFTs as a birth certificate, passport and driver’s license. Yes, it is impossible to make money on such tokens, but the authorities will be able to verify these documents much faster and easier. It will also make it easier for you to share your documents with doctors or employers. Also, in the form of NFTs, they can be issued in the form of diplomas from universities and other certificates.
NFT technology allows you to digitize and make interaction with any product more convenient: possession, purchase, sale, confirmation of originality, etc. Tokenization adds value to a product. NFT is the main trend in blockchain in recent years. This technology has already made an evolution in art. The next stage is games and other interesting areas. Any product is very likely to be tokenized.