We are pleased to announce our NFT store on Mintable.app where crypto enthusiasts aficionados can buy digital goods of art. Take a look at our first listing and grab some while you can:
Okay… And what are NFT’s?
NFTs (non-fungible tokens) are the latest craze for cryptocurrency lovers and have taken the art and gaming world by storm. Indeed, “NFT” has been flying around crypto headlines a lot recently following some record-breaking transactions involving millions of dollars.
NFTs are collectible digital assets, which hold value as a form of cryptocurrency. These cryptographic assets sit on the blockchain with unique identification codes and metadata that distinguish them from each other. However, unlike other cryptocurrencies, NFTs are unique, and cannot be traded or exchanged like-for-like, thus the term ‘non-fungible.’
In essence, NFTs are a value-holding investment just like art (disclaimer: high risk!). Instead of getting a physical collector’s item, buyers receive them in a digital file as something unique that can be stored digitally and be seen to hold value. NFT tokens have extra information that makes them unique — and this is the most important characteristic because they hold value through this special feature and it is this characteristic which elevates them above other ordinary tokens. Just like physical art, NFT value is defined by the market demand.