What is NFT?

Unlike dollars, stocks, bitcoins, or gold bullion, which are volatile assets, "fixed" NFT assets represent unique items. Immutable Tokens (NFT) is a digital representation of collectibles in the physical world.

The bitcoin in your hand and the bitcoin in someone else's hand have the same value. But keep in mind that each bitcoin has a different value. This is the nature of NFT assets. Although there are many more than the same thing, it is known which of them is original and the identity of the owner. Examples of NFT are digital artwork, sports cards, internet domain names, or wallet names used for cryptocurrency.

Immutable Tokens (NFT) are commonly used to create copyrighted products due to their properties. For example, when an artist creates a work of art as a fixed token (NFT), the artist receives a passive income for each sale of the product.

NFTs are digital certificates associated with unique digital assets registered in a blockchain to verify authenticity and confirm ownership to buyers. The value of NFT stems from its uniqueness.

Non-volatile tokens are specially designed to be easily identified and verified. These digital assets, usually created in the Ethereum infrastructure, are created in accordance with the standards for ERC-721 and ERC-1155 tokens.

The ERC-1155 standard also offers the ability to work with new capabilities. This means that the blockchains of NFTs, which are unique assets, are compatible with each other and can be easily transferred between different applications. In addition to the Ethereum infrastructure, Eos, Neo, and Tron developers have released their own token standards to promote NFT formation.

The first Ethereum-based NFTs appeared in 2015. CryptoKitties was named in 2017 for the first time thanks to non-exchangeable token (NFT) technology.

Fixed Tokens have three main features.

1. Indivisible;

2. Unshakable;

3. Verifiable.