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FAQ
General
NFT means a non-fungible token. NFTs are digital tokens on blockchain, that can be used to represent ownership of unique items. They let us tokenize goods like art, music, collectibles, sport memorabilia, or every physical or digital asset worth to be represented in the digital space. NFTs can have only one owner at a time, and they are secured by the blockchain. In other terms, no one can modify the record of ownership or duplicate your NFT
Non-fungible is a definition that you could use to describe objects or goods which are not interchangeable with other items, because they have unique properties. For example, dollars are fungible because you can always exchange $10 USD with 10 one-dollar bills. Otherwise, collectibles are not fungible, because every item has a different value from another.
NFTs solve some of the problems that exist on the internet today. As everything becomes more digital, there is a need to replicate the properties of physical items like scarcity, uniqueness, proof of ownership, and anti-counterfeit
NFTs have some special properties:
-Each token minted has a unique identifier
-each token has an owner, and this information is easily verifiable'
-no one can manipulate it in any way
They exist on the blockchain and can be bought and sold peer-to-peer as well as on any blockchain based marketplace like OpenSea or Rarible. Once you own the NFT you can resell it along with your garment and the buyer knows they have an authentic piece!
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