NFT tokens

Discussion of the NFT blockchain tenlogy
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Avaya
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Joined: 08 May 2021, 06:06

NFT tokens

Proof of identity and authenticity. NFT tokens can be used for more than just entertainment. They are great for any field where you need to confirm the identity, authenticity of documents or objects: for the field of law, insurance, real estate and antiques, certification, licensing, and so on. For example, the Bridge protocol over NFT provides access to a single digital identity for verification, management and transmission of personal data.

Tokenization of real assets. NFT can reflect the fact of ownership or interest in a real asset. This would add liquidity to many markets, such as the already mentioned fine arts, real estate, rare collectibles, and others.

Other uses. DeFi platforms are starting to use NFTs as collateral for loans or derivatives. Non-fungible tokens are also used in the Ethereum Name Service (ENS) and Unstoppable Domains, which allow coins to be transferred by a unique domain name. And sites like Rarible, Mintbase, and Mintable allow anyone to create their own NFTs.
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