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I like that this exists. Seems to me that a non-fungible token that represents a receipt for a piece of art needs a different name entirely. It won't get one, b
by ghotli 5y ago
I like that this exists. Seems to me that a non-fungible token that represents a receipt for a piece of art needs a different name entirely. It won't get one, but it's just one idea based on them that took off like wildfire.
An NFT is just a token on a blockchain that you can't own a fractional part of. You might desire the state of that token in a card game, or a pokemon variant that's on-chain. If what it represents is something off-chain, it's still an NFT -- just only useful because scarcity is a hell of a drug to humans apparently.
The Ethereum improvement proposals are a good place to start for other use cases other than a vehicle for artists / scam artists or whoever to get rich.
"EIP-721: Non-Fungible Token Standard" https://eips.ethereum.org/EIPS/eip-721 https://eips.ethereum.org/EIPS/eip-721 is a good place to start if you want the hard detail.