📝 PRINCIPLES OF NFTs 📝
⭐The recent articles about NFTs partly helped you reach the knowledge about this special market. Today, KDG continues to provide you with useful information about the basic principles of NFTs:
✅Framework: The most prominent is probably ERC-721, a standard for the issuance and trading of non-fungible assets on the Ethereum blockchain. In addition, there is a new one, recently improved, ERC-1155. It allows each smart contract to contain both fungible and non-fungible tokens, makes a difference and creates more exciting new features.
✅Special feature: The most remarkable feature of NFT is that it cannot be copied or transferred without the permission of the owner, even the issuer of the NFT. This is a very unique operating principle that makes NFT extremely secure and is also the reason why NFT is so “hot”.
✅Value: NFT can be used in a “virtual world” like Game — representing every item in it. But another notable use of NFT is the trend towards tokenization of real-world assets. NFTs can be used to represent a piece of real-world assets, by storing and trading as tokens on the blockchain.
✅Trading Markets: NFTs can be traded in open markets. These marketplaces connect buyers with sellers, the value of each token is unique, and the NFT price is subject to changes in the market supply and demand.
✅Storage: NFT is a token, so you can store it on different wallets, such as Trust Wallet.
🍀Grasping the fundamentals and long-term value that NFT can bring to users, Kingdom Game 4.0 (KDG) pioneered the application of blockchain technology and brought NFT into new projects. It provides an integrated cryptographic payment system which is very convenient for users.
💝KDG’s advantage over traditional game publishers is that we create a sharing economy model. Gamers can use Kingdom Game 4.0’s available resources to generate income and revenue for themselves, with easy access to NFT in particular as well as blockchain technology in general.
👉Let’s look forward to the explosion of Kingdom Game 4.0 in the upcoming NFT-related projects!
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