Planet Quest. Introduction to NFT (Part 1)

What is NFT in general?

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Fungible and non-fungible items are traditionally tangible items. As our world gets increasingly digitized, intangible items are now becoming increasingly common. With the rise of smart contract platforms like Ethereum, the technology now exists for Non-Fungible Tokens (NFTs) to be created. Examples of NFTs include Bored Ape, BotBorgs or Oxya Origin.

Pokemon cards

NFT applications

NFTs can be used to represent in-game assets, such as digital plots of land. For example, CryptoKitties was an early successful blockchain online game where players adopt and trade virtual cats. The monetization of NFTs within the game raised a $12.5 million investment, with some kitties selling for over $100,000 each.

NFT Marketplaces

Fungible cryptocurrencies are also interchangeable and traded on crypto exchanges such as FTX, Binance, Kucoin.

OpenSea marketplace

ImmutableX Marketplace

In PlanetQuest you can buy, sell, transfer your NFT directly in Immutable MarketPlace.

Immutable MarketPlace
Planet Quest Collection

Summary

On this note, I want to end my introductory article and thanks to everyone who read this article and I think that it will help you in the future in your NFT adventuresay.

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