Quote from: pedrillo0 on Today at 07:02:20 AM

Quote from: Pffrt on November 08, 2020, 04:22:07 PM

I have been watching the term NFT in different projects listed on uniswap but I can't figure out what actually does it mean. There's something like NFT price which is probably greater than the token price. So, what's it exactly? How it is related to the project token?

There are 2 types of tokens

* Fungible ERC-20 and ERC-1400.
* NonFungible ERC-721

The first tokens are those of utility or security and are used for payments, legal processes or financing projects.

NonFungible tokens represent something unique, such as some valuable object, asset or real life services. They are the future ..

This is something new to me this ERC - 721. Though I am familiar with some NFT tokens, other possible uses are waiting to be develop or discovered. Saying that they are the future what excites me. Decentraland for example is another good NFT project which garnered $26M from ICO.

From wikipedia

Quote

Growth and mainstream appeal
Non-fungible tokens made their way into mainstream news when CryptoKitties went viral[10][11] and subsequently raised a $12.5 million investment.[12] RareBits, a Non-Fungible Token marketplace and exchange, raised a $6 million investment.[13] Gamedex, a collectible cards game platform made possible by NFTs, raised a $800,000 seed round.[14] Decentraland, a blockchain-based virtual world, raised $26 million in an initial coin offering,[15] and had a $20 million internal economy as of September 2018.[16]. Nike holds a patent for its blockchain-based NFT-sneakers called ‘CryptoKicks’.[17]