One of the newest ways blockchain has been adopted is as a digital world. The best example is games and interactive environments that are completely filled with collectables, for examples CryptoKitties. Non-Fungible Token (NFT) Technology has allowed people to create a decentralized art market. Never before have you been able to buy Nintendo game cartridges from your friend on eBay or trade Magic: The Gathering cards through the mail and then track their movement in an open ledger. This new technology, NFTs along with ERC-721, bring millions of points of potential history onto blockchains while also giving users possession and control over assets
What are Non-Fungible Tokens (NFTs)?
With the advent of blockchain technology, a new type of asset has been created that is not like traditional fiat currencies or cryptocurrencies. These assets are called non-fungible tokens, or NFTs.
NFTs are digital assets that are unique and cannot be replaced by another identical asset. This is in contrast to fiat currencies or cryptocurrencies, which are fungible, meaning each unit is interchangeable with another unit of the same currency.
So far, NFTs have mostly been used in the gaming industry, where they can be used to represent in-game items such as weapons, armor, and other virtual goods. However, their use is not limited to gaming and they have the potential to be used for a wide variety of applications.
There are a few key reasons why NFTs are gaining popularity. First, they allow for true ownership of digital assets. With traditional fiat currencies or cryptocurrencies, you only own a balance that can be spent or exchanged. With NFTs, you own the asset itself and no one can take it away from you.
Why should we care about NFTs?
The non-fungible token (NFT) technology is a new way of storing value and information on the blockchain. NFTs are unique, indivisible tokens that represent digital assets such as art, music, or other collectibles. Unlike fungible tokens (such as Bitcoin), which are interchangeable and can be divided into smaller units, NFTs are non-interchangeable and non-divisible. This allows them to be used to represent ownership of unique digital assets.
NFTs have many potential applications. For example, they can be used to represent ownership of digital artworks, which can then be sold or traded like any other physical artwork. They can also be used to represent ownership of in-game items, which can be traded or exchanged for other in-game items. In addition, NFTs can be used to create loyalty programs or rewards programs that are more difficult to fake or tamper with than traditional loyalty points.
Why should we care about NFTs? There are a few reasons:
1. NFTs have the potential to disrupt the way we think about ownership and value.
2. NFTs could help reduce fraud and counterfeiting by
What is Living Lands NFT?
Living Lands is in the business of revolutionizing the NFT space forever. There mission is to provide the first secure crypto dividend through an innovative blockchain-based platform. From the very first day of launch, this project aims to put progress back into the hands of our investors by providing them with a secure, environmentally-friendly dividend every year from our healthy ecosystem that offers real economic value.
Living Lands anticipate that the NFT bubble created by the multitude of copycat projects without real-world value will pop soon, leaving millions of investors with junk NFTs.
Living Lands are providing a way for investors from all walks of life to acquire NFTs with real-world utility that will become even more valuable as time passes.
Fore more details Please visit their website and social media links below:
Medium Blog: https://medium.com/@LivingLandsNFT
All Links on Linktree: https://linktr.ee/livinglandsnft