What is an “NFT”?
NFT, or non-fungible token, is a unique digital asset that can come in various forms and sizes. They offer a fun way to support your favorite teams, artists, creators, and events, as well as provide an opportunity to expand your portfolio or make a quick profit.
When you buy and sell NFTs on the Kadena blockchain, you're often supporting artists, as they have the ability to collect creator royalties on their collections. This is known as "Creator Royalties" and will be tagged on the NFTs for transparency.
NFTs also have a practical use as a form of digital ownership for online goods and services. This is especially useful for situations where scalpers may sell fake tickets, or where establishing trust for a digital good is important.
It is important to note that NFTs come with risk and volatility, especially in the digital art use case. It is essential to conduct thorough research before making any purchases.
Last modified 7mo ago