NFTs on BlinkPlanet
Learn more about how BlinkPlanet uses NFTs for ownership proof of digital art and digital collectable assets
Last updated
Learn more about how BlinkPlanet uses NFTs for ownership proof of digital art and digital collectable assets
Last updated
NFT stands for ‘Non-Fungible Token.’ The word ‘fungible’ is roughly translated to ‘replaceable,’ and ‘non-fungible’ indicates an item is non-replaceable. ‘Token’ means a digital asset. So an NFT is a non-replaceable digital asset. It is a unique asset that cannot be exchanged or replaced with another item one-to-one. This means that each NFT is distinct.
One of the most common uses of NFTs is for digital collectables. These can include virtual trading cards, in-game items, and other collectable digital assets.
NFTs can be used to represent digital art ownership, allowing artists to sell their work directly to collectors while also allowing collectors to verify the authenticity of their purchases. In addition, musicians can use NFTs to sell digital copies of their music and provide fans with exclusive experiences.
On BlinkPlanet, NFTs for Digital Artwork are optional. The digital artworks and collectables are the whole focus.
The entire point of BlinkPlanet is to ensure that digital collecting and art ownership is open to everyone. That includes NFT enthusiasts AND simple art lovers, and collectors.
NFTs denote digital asset ownership, such as artwork or a collectable. They enable people to own and trade verified one-of-a-kind digital items.
NFTs are verified because they are stored on a Blockchain, which is a decentralised, secure (cryptographic security) ledger. This enables the authentication and ownership of an NFT to be confirmed.
NFTs can be used on various platforms and applications, allowing for multiple usage and possibilities.
If you don't have a blockchain wallet, BlinkPlanet has partnered with Magic Link to provide you with a blockchain wallet that is controlled and accessed via your email address. That means no complicated cryptographic keys or wallet addresses.