In the Mona Lisa Blockchain Ecosystem ...
In the Mona Lisa Blockchain Ecosystem ...

In the Mona Lisa Blockchain Ecosystem ...


In the Mona Lisa Blockchain Ecosystem ...

 

     Non-Fungible Tokens (NFT) are unique, unique tokens that are produced in limited numbers.

     They are found in the Ethereum ecosystem. ERC-721 and ERC-1155 standards are used. ERC-1155 is new and improved version.

     ERC-1155 is developed by Enjin on the Ethereum Network. It is a standard that can be used to create single entities that cannot be changed. It is allowed to create many different tokens under the same contract as ERC-1155. (In ERC-20, a new contract is required for each token.

     It is a unique collection. It contains unique features. Cannot be traded. Non-fungible token is a single unit. It is not divided into Satoshi. You cannot buy piece by piece.

Where can it be used

     NFTs are used in many industries including Entertainment, Social media, Games, DeFi, Blockchain solutions, Smart contracts, Yield agriculture, Business development, Art, Staking and Emoji. The first example that made NFT popular is CryptoKitties, a game created on Ethereum.

     Other sample projects; SAND, Enjin Coin, Decentraland, Theta Network, UniLayer, Aavegotchi, RedFOX Labs, Ultra, WAX, WHALE,…

     NFTs can be traded on platforms such as OpenSea and Rarible. One of the digital collections of Fungible Token (NFT) distributed by Binance was sold on OpenSea.io. Non-Fungible Token (NFT) made by Enjin (ENJ) team.

OpenSea allows Users Non-Fungible Tokens (NFT) to buy and sell your products smoothly, receive custom statistics and analysis, and earn revenue when your products are traded.

Rarible is a market application where you can print and buy non-exchangeable tokens. Rarible.com has started distributing its own token, RARI, to increase trading volumes, active wallets. RARI is designed to reward active creators and collectors.

     Crypto Stamps; Crypto Stamps are issued by the Austrian Postal Service. These stamps are used for mailing. They can be stored as digital images in the Ethereum blockchain system. They are becoming tradable digital collections.

Result;

     It has the potential to make money. Blockchain technology has entered every aspect of our lives. Artworks, singular and unique entities, also become a part of life.

     Because there are fewer people to compete with, rare collectible items often get those who enter a platform early. However, as long as the platform doesn't become popular and gains other users interested in purchasing your collections, you run the risk of depositing tokens that no one wants. Therefore, necessary research should be done before getting involved.

     A little luck too ...

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Journey To The Cryptocurrency Ocean
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