Create your interchangeable and distinguishable token platform with NFT
NFTs are well known in the new internet collectibles industry where users can keep digital assets assigned to their names and ownership is immutable. Example : cryptokitties
In the gaming industry, NFTs enables features to give players true ownership of digital assets (weapons or goods) that they bought in a game and the ability to take them outside the game and freely buy, sell and trade them. Example : mlbcryptobaseball , ledgerlegends etc
BUY | SELL | TRADE Crypto assets by making open market/trading place containing order book and exchanges using 0x protocol. Example : rarebits, opensea , boxswap
NFTs can be considered best suitable for identity management or kyc where a particular token, as each token represents a unique value, will be owned by any entity.
NFTs can be used in Software license where a license is represented by a NFT number and that will be signed and authenticated by its owner and also it is easily transferable.
Buying and selling of any asset (car, artwork, property, content) and transferring ownership of asset/token to another person will become easy and frictionless.
Non-fungible tokens are the cryptographic tokens that define something unique which implies information or attributes that make it irreplaceable or impossible to swap.
The NFT through blockchain has enormous use cases, as it has already been used in the most famous game Cryptokitties. Now its applications are coming in the real world like the Tokenization of Art, Tokenization of real estate property.
Fungible tokens of the type ERC-20 are those that represent a value, like a currency note. They are interchangeable and not unique. And non-fungible tokens of the type ERC-721 are those that represent a unique asset, like a certificate of ownership for a painting. These tokens are not interchangeable and although they hold value, that value is not the same as any other token of the same type.