NFT is a very important cryptocurrency scheme for ... @gateio

Asked 1048 days ago
Viewed 89 times
0

NFT is a very important cryptocurrency scheme for blockchain and entity combinations. However, the more important significance of NFT is not yet understood by most people. Can you explain this? #AMAwithXDC

asked 1048 days ago

1 Answers

Answer 2: NFTs offer a unique way of tokenizing real-world assets and experiences, allowing them to be securely stored on the blockchain and traded on the open market. This opens up a world of possibilities for businesses, allowing them to tokenize their assets and experiences, and to create a new form of digital ownership that is secure, immutable, and transparent. NFTs also offer a form of proof of authenticity for digital assets and experiences, allowing them to be tracked and verified. This is particularly useful for digital art and collectibles, as it allows for the authentication of the item and its provenance, as well as providing a secure way of transferring ownership. Finally, NFTs also offer a way of trading digital assets and experiences in a secure and transparent manner. By tokenizing these assets and experiences, it allows for the creation of a secondary market where these assets can be traded and exchanged for value. This opens up a whole new world of possibilities for businesses and individuals looking to trade digital assets and experiences.
answered 1048 days ago
0
This is an interesting question. NFTs have become too synonymous with speculation on digital art, and this connotation has soured the sentiment of the public because they don't see any real value, especially not the kind of value that these digital art NFTs have commanded. I think this is the main reason that the general public doesn't see the true value that NFTs can have, this true value is being obfuscated by the low hanging fruit use case of speculation against digital art. Moving forward NFTs will be used for more novel use cases around real world asset tokenization, tokenization of experiences, and as proofs of authenticity for documentation/collectibles/purchases. You can see one example of this application of NFTs on the XDC Network here: https://www.gtreview.com/news/fintech/tradeteq-partners-with-xinfin-in-first-trade-finance-nft-transaction/
answered 1048 days ago

Subscribe to our newsletter

* indicates required

Thank you for subscribing!