NFT as a Digital Right to a Real Asset
Barter Smartplace on NFT as a Digital Right to Real Assets 💰💎
A non-fungible token (NFT) is a type of cryptographic token on the blockchain that is a unique kind of asset. This asset can be either digital or a tokenized version of real resources. Since NFTs are not interchangeable with each other, they can serve as proof of identity and ownership in the digital environment.
Where and how does NFT work?
NFTs are used in decentralized applications (DApps) to issue unique digital tokens and crypto collectibles. Such tokens can act as collectibles, investment products, and more.
As an example, the gaming economy is nothing new, and many online games already have their own well-established economic model, but nevertheless, the use of blockchain technology and tokenization in this industry is taking a new step forward. In fact, the use of NFT has the potential to solve and mitigate the general inflation problem inherent in many games.
An example of inflation in games: after major updates, users are often faced with a sharp increase in the price of in-game items. Moreover, the cost of things was quite low.
While virtual worlds thrive, another exciting use of NFT is through the tokenization of real assets. These non-fungible tokens can represent fractions of real assets that are stored and transferred as tokens. This can provide the necessary liquidity for a variety of markets, in areas such as: fine arts, real estate, rare collectibles and more.
Digital identity is also an area of benefit for NFT. Storing identification data and records of their owner on the blockchain will increase the confidentiality and integrity of information for many people around the world.
NFT as a digital right to a real asset
The difference between NFT as a digital asset and NFT as a real asset token:
🔻 A non-fungible token as a digital asset, when transferred, sold or exchanged, immediately passes to the second party, respectively, ownership is transferred immediately.
🔻 NFT, as a real asset token, also requires physical delivery to the buyer for transfer to another wallet.
For example, you have found the phone you need, the sale of which is tokenized. You buy a product for a set number of tokens, but it will not reach you immediately, but it will take time for delivery, the terms of which you are already discussing with the seller.
Barter Smartplace as an exchange for all NFTs
The conclusion on the acquisition of an NFT asset is carried out using smart contracts. The Barter Smartplace platform has streamlined the jurisprudence through smart contracts and helps execute transactions with any NFT asset, making the transaction fast, accurate, confidential and secure.
The Barter Smartplace platform also has its own token — BRTR, with which transactions between users are carried out. Including traces of multilateral barter.
The platform provides the ability to post your assets and offers on the site https://barter.company/
Join our https://t.me/BarterWalletBot, which recently released a complete in-depth guide to using all of its benefits and features. The telegram bot also helps our members to close deals and sends a reward to active members every day.
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