Arkade
  • Game Guides
    • Brawler Bears (PVP)
  • NFT Guide
    • NFTs
      • What is an “NFT”?
      • Why Kadena?
      • What is Proof of Ownership?
      • What occurs when I mint or purchase from the Arkade marketplace?
    • Wallets
      • What's a wallet?
      • What are the different types of wallets available?
      • How do I set up a digital wallet?
      • How do I get $KDA?
      • What are healthy wallet safety practices?
    • Buying
      • How do I mint an NFT?
      • How do I choose which NFT is for me?
      • How do I buy an NFT on Arkade?
      • How do I stay safe while minting and buying NFTs?
    • Selling
      • How do I sell NFTs on Arkade?
      • Will I be able to sell an NFT immediately?
      • What is a floor price?
      • What are attributes and why are they important?
      • Now that I’ve bought and sold an NFT, what do I do?
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    • Overview
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What is Proof of Ownership?

The power of blockchain technology lies in its ability to provide verifiable digital ownership. On the Kadena blockchain, as well as other blockchain networks, individuals can prove ownership of digital assets through their wallet address.

This eliminates the possibility of disputes and fraud, as ownership can be easily verified. An example of this is the value of a Banksy artwork.

Anyone can view a digital image of it, but only the person who owns the NFT, the non-fungible token, has the true and verifiable ownership of the artwork. This is the strength of blockchain technology in verifying the authenticity and ownership of digital assets.

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Last updated 2 years ago