Non-fungible tokens or NFTs are a type of digital token where every token is different and hold unique characteristics. Due to the nature of the NFTs, many NFTs have varying rarity and are considered valuable in the digital asset community. Anything from games to painting and even memes can be an NFT.
NFTs can help digital artists or any type of artist to fight plagiarism as they can tokenize their creations, which can’t be copied. Luxury goods can be verified making them NFTs and giving ownership to the buyer only. Manufacturing companies can tokenize their products in order to offer provenance to their consumer base.
FootballChain will provide its users with the capability to publish their own NFTs following the ERC721 and ERC1155 protocol. Since this proven NFT standard is widely accepted by marketplaces and metaverses, FootballChain NFT owners will be able to integrate their NFTs into the existing NFT landscape.
Compare the difference between standard tokens