Glossary: Master Keys

 

  

 
   

Non-fungible Token (NFT)

 

  

 
   

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.

 

  

 
 

An NFT is a unit of data, stored on a type of digital ledger called a blockchain. The ownership of an NFT can be transferred by the owner, allowing NFTs to be sold and traded.

NFTs can be created by anybody, and require little or no coding skills to create.

NFTs typically contain references to digital files such as photos, videos, and audio.

  

 
 

NFT vs. Cryprocurrencies

NFTs are uniquely identifiable assets.

Cryptocurrencies are fungible.

Commonly Associated Files

NFTs have been used to exchange digital tokens that link to a digital file asset. Digital art, games, music, metaverses, and other digital files use NFTs.

  

 
   

Some other uses of NFTs

Event tickets can be sold as NFTs. This would enable event organizers or performers to garner royalties on re-sales.

 

  

 
 

Nike patented a system called CryptoKicks that would use NFTs to verify the authenticity of physical sneakers and would give a virtual version of the shoe to the customer.

Private online communities are formed around the confirmed ownership of certain NFT releases.

  

 

 
 

How to obtain NFT: 6 Steps + Tips for Sponsors

(The Sponsor and the Author can be the same or different persons)

1. Choose an NFT Marketplace

2. Create a Digital Wallet

3. Acquire Cryptocurrency

4. Prepare the E-card Artwork

5. Mint the NFT

6. Send the NFT to the Author... More

  

Decentralized Autonomous Organization (DAO)

How DAO and Blockchain Can Improve the Organizing of Corporations

Cryptocurrencies

Are Blockchain And Crypto Here To Stay?

  

 
 

NFT Marketing and Selling

NFT marketing is a type of digital promotion of non-fungible tokens or services – digital assets that are stored on the blockchain. These tokens can be anything, such as in-game items or art.

NFTs can create rare and unique digital items that can be traded or exchanged with other users. → Example

NFT Marketing is primarily digital marketing exercise that can use some non-digital strategies as well.

  

NFT Marketing

Using NFTs for Brand Marketing

NFT as a Reward

Digital Marketing

Impact Investment

Decentralized Finance (DeFi)