Non-fungible tokens are the digital contract made over your tangible and intangible unique assets. This Non-Fungible token marketplace has enormous potential to prosper creators for their signature products. Art and games are the two major categories that Non-Fungible token development finds an excellent niche to support and grow together. Fantasy lovers and indies find it attractive to invest in such extravaganza. The collection of unique assets in a virtual world may set them in ecstasy digitally.
The First Non-Fungible Token was introduced in 2012. Its revolution in gaming and collectible space gains popularity in NFT. The unique nature of NFTs and demand attract gamers, collectors, and investors that earned $174 million in late November 2017.
NFTs were built using one of two Ethereum token standards (ERC-721 and ERC-1155) Ethereum offers blueprints for software developers to deploy NFTs and ensure including exchanges and wallet services. The recognition for NFT is growing for offering ownership and authenticity of intellectual property such as original artworks and in-game tokens. Also, NFT allows representing real-world assets such as shares and real estate in the market.