NFTs could also be used as unforgeable digital tickets to events, or even ownership records for property sales - all they really are are one-of-a-kind bits of code with a verifiable chain of title attached.Ī game called CryptoKitties put this technology to use early on. It’s just a kind of contract, saying “the owner of this NFT owns this other digital file,” often with a link to the art file itself. The NFT file doesn’t contain the digital piece of art, or the video clip, or the Shatner card itself. Most NFT sales to date have been transacted in cryptocurrencies such as ether and registered on the associated ethereum blockchain, though that’s not a requirement of the form. dollar, any bitcoin is equal to any other, while NFTs are one-of-a-kind. By contrast, bitcoins and other cryptocurrencies are fungible tokens like a U.S.
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