NFT tokens what is it all about ??
I am interested in the issue of NFT tokens. I often see various statements of this type in the Internet that NFT tokens are the future of DeFi and that they are unique. Will someone explain to me what's going on? How do they differ from standard tokens? And why could this be a new trend in the world of Defi ?? Thank you in advance.
I am interested in the issue of NFT tokens. I often see various statements of this type in the Internet that NFT tokens are the future of DeFi and that they are unique. Will someone explain to me what's going on? How do they differ from standard tokens? And why could this be a new trend in the world of Defi ?? Thank you in advance.
1 user upvote it!
2 answers
NFT None Fundable Token in Polish non-exchangeable tokens.
Simply put, NFT is a unique, exceptional and rare digital asset. Every non-exchangeable NFT token is not the same. Tokens store metadata, which is an entry in the blockchain, in addition to the name token symbol, it also stores details about assets and ownership. NFTs became commonplace in 2017 as the game CryptoKitties was born, where each kitten looked different and had different attributes. The NFT in various games is used to track items, each with its own unique characteristics. Every time a player is about to receive one of them, it will be created and sent to him. Players can keep their token or exchange it with others as they see fit. At the moment, there are two basic types of NFT tokens (although many projects are already proposing better NFT standards, such as ERC875 and ERC998). The first is ERC721 differs from the standard ERC20 in that it tracks the ownership and movements of individual tokens. The second type of ERC 1155 is an upgraded version of ERC721 tokens that combines the functions of both exchangeable and non-exchangeable tokens. A token can contain much more data in addition to token names, descriptions, and even images.
In the real world, NFTs can have applications in art, antiques, antiques, property, and more. There are already decentralized platforms where the NFT combines physical assets with the world of Defi. The platforms allow the borrower to pledge their physical items in exchange for Dai tokens.
NFT None Fundable Token in Polish non-exchangeable tokens.
Simply put, NFT is a unique, exceptional and rare digital asset. Every non-exchangeable NFT token is not the same. Tokens store metadata, which is an entry in the blockchain, in addition to the name token symbol, it also stores details about assets and ownership. NFTs became commonplace in 2017 as the game CryptoKitties was born, where each kitten looked different and had different attributes. The NFT in various games is used to track items, each with its own unique characteristics. Every time a player is about to receive one of them, it will be created and sent to him. Players can keep their token or exchange it with others as they see fit. At the moment, there are two basic types of NFT tokens (although many projects are already proposing better NFT standards, such as ERC875 and ERC998). The first is ERC721 differs from the standard ERC20 in that it tracks the ownership and movements of individual tokens. The second type of ERC 1155 is an upgraded version of ERC721 tokens that combines the functions of both exchangeable and non-exchangeable tokens. A token can contain much more data in addition to token names, descriptions, and even images.
In the real world, NFTs can have applications in art, antiques, antiques, property, and more. There are already decentralized platforms where the NFT combines physical assets with the world of Defi. The platforms allow the borrower to pledge their physical items in exchange for Dai tokens.
Machine translated
Machine translated