1. What is NFT (non-fungible token)?
NFT is an encrypted asset on the blockchain. Unlike ERC-20 tokens, each NFT has a unique identification code and metadata, and has indivisible and unique attributes.
NFTs cannot be traded and interchanged with each other in an equivalent manner, and cannot serve as a medium for commercial transactions. Based on the above characteristics, NFT is regarded as an important asset in the digital world.
2. The value of NFT is as follows:
(1) NFTs are unique encrypted tokens that exist in the blockchain and cannot be copied.
(2) NFTs can represent real-world items, such as artworks and real estate, and "tokenize" these real-world assets, making purchases, sales, and transactions more efficient while reducing the probability of fraud.
(3) NFTs can also function as representatives of personal identity, property rights, etc.
Collectors have been looking for NFT. Although the NFT market share has declined today, it still cannot stop the entry of new capital.
3. What types of NFTs are there?
NFT can theoretically represent any commodity digitally and is part of the digital economy. If you count the types of NFT so far, they can be roughly divided into digital collectibles, production goods and consumer goods. Production goods are defined as NFTs that create a digital economy, including music copyrights, game props, and domain names; consumer goods include NFT avatars, event tickets, and real estate.
Among them, the most easily overlooked by the public is the artist's original NFT work, which is endowed with the beauty of human labor. Whether it is the popular Crypto Punks, Boring Ape or other blue-chip NFTs picture items, they all come from the collection randomly generated by the program algorithm. NFT artworks that are truly hand-painted by artists have not yet been favored by the market, but it is only a matter of time...
X-MASK: Global Digital Art Financial Platform
X-MASK is committed to cooperating with talented artists around the world, jointly issuing original NFTs, and solving the problem of insufficient liquidity of NFTs through the NFT+DeFi mechanism. The mysterious mask NFT is a hand-painted mask NFT issued by X-MASK and the famous Spanish artist Sean Smith. At the same time, the [NFT financial management] product was launched, bringing NFT pledgers a monthly rate of return of up to 30%.
In September this year, X-MASK received strategic investment from a number of institutions including Amana Capital, RevUp Capital, Vespertine Capital and Winchain, and at the same time obtained the financial license authorization of Winchain. Now X-MASK is launching new user attraction activities, and products such as liquidity mining and NFT trading market will be launched in the future, which is bound to become the next 100-fold project!
Twiiter：https://twitter.com/Xmaskdao123
Telegram: https://t.me/Xmask12345