NFT:A Bridge between the Crypto World and Traditional Finance

What is NFT?

NFTs are non-fungible tokens, which means that they are tokens that cannot be replicated. A single address on the chain only corresponds to a single token, usually in the Ethereum ERC721 standard.

NFT as Certification of Image Ownership

CryptoKitties were launched in late 2017. Each CryptoKitty is an NFT token with unique appearance traits. This is the earliest form of NFT as a picture art.

NFTs Go Beyond Pictures: The Future of Scanning and Rendering, Storage

Art is more than a flat picture and this means that NFT can be more than a picture.

NFT Artwork Frontier: Trading of Copyright Licenses, Pricing and Collateral Loans, Pixel Mapping and Re-Transaction Dividends

In the future of NFT artwork trading, the following applications may emerge:

NFT: A Bridge Between Blockchain and Traditional Finance

Based on the fact that NFT is the framework for certificates of ownership, let’s look at the Republic and Centrifuges projects.

Conclusion:

Finance emerged to allocate resources and manage risks. Banks concentrate on lending to businesses to diversify the depositors’ funds, and airlines use contracts to lock in fuel costs.

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