(Non-Fungible Token)NFT

The full name of NFT in English is Non-fungible Token (non-homogeneous token). It is an encrypted asset on the blockchain. It has a unique identification code and metadata that can distinguish them from each other. Each NFT cannot be identified. Divided or substituted, and unlike cryptocurrencies, they cannot be traded or exchanged for equivalent value.

NFTs change the cryptographic paradigm by making each token unique and non-fungible, making it impossible for one non-fungible token to be identical to another. They are digital representations of assets and have been likened to digital passports, as each token contains a unique, non-transferable identity to distinguish it from other tokens. They are also scalable, meaning you can combine one NFT with another to "breed" a third unique NFT.

Due to their non-fungible nature, non-fungible tokens can represent digital assets such as paintings, artwork, sounds, videos, in-game items, or other forms of creative work.

While the works themselves are infinitely reproducible, the tokens representing them are fully trackable on their underlying memblockchain, providing buyers with proof of ownership. Cryptocurrencies such as Ethereum and Bitcoin have their own token standards to define the use of NFT.

For the game field, the NFT is an in-game asset, and the additional income is even greater. Today's games are a world of difference compared to the experience of having cool stickers, cards, and similar assets in the past. Gamers cannot be sure of the uniqueness of in-game assets, nor do they claim to own them outright. Using NFTs in the field of games allows you to relive the old days and have full control over the items purchased or won in the game.

Additionally, each item owned has a unique identity tied to the account. This way you can safely store your assets without fear of theft. Assets can also be monetized, valued based on scarcity, and traded on the memblockchain market for cryptocurrencies or fiat currencies

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