In the past, digital assets were sold as simple strings of code that could be used to purchase goods and services. The introduction of Non-Fungible Tokens (NFTs) opened up a world of possibilities for creators and investors alike: NFTs allowed for the definition of unique assets (unique names, unique looks, unique histories, unique relationships with other assets), which could be traded like traditional digital assets, but with unique benefits and uses.
NFTs opened a lot of doors for creators and investors alike, and the future looks very bright for the industry as a whole.
We often think of digital assets as being digital files, like pictures, audio, or video. But what if we think of digital assets in a different way?
What if digital assets were experiences, not just files? What if digital assets were strands of data, like a string of text, that could be accessed and manipulated by other digital assets?
Non-fungible tokens (or NFTs) are a new digital asset class, which are unique and can be used like collectible cards or digital goods.
They can be used to represent real-world assets, like collectibles, digital game items, and real-world goods and services. NFTs can also be used to represent abstract ideas, to help build and scale new types of decentralized applications (dApps), or to help build brand new ways to use cryptocurrencies and blockchains.
