1/5 Just like there are many kinds of #cryptocurrency (security, utility, stable, CBDC, etc.), there are many kinds of #NFTs. Let’s go over them for a moment.
Here are my top 4!
Here are my top 4!
2/5 #Smart_NFTs or #Programmable_NFTs. These NFTs are like cryptokitties in that they are programmable and can do things, in this case, make more cryptokitties. They have a DNA/program and purpose.
3/5 #Ticket_NFTs or #Special_Rights_NFTs. These NFT’s grant a person an ability that others don’t have. It could be a King’s of Leon NFT that grants a user front row seats every so often, or it could be a special sword in a video game that unlocks a new ability.
4/5 #Identity_NFTs. These NFTs link a person, place, or thing to a token on the blockchain. These tokens can hold information that help to prove that item’s true owner, origin, and verification. An example could be #ChronoSwiss making an NFT for my #Bitcoin and #NEM watches
5/5 #Proof_of_Existence_NFTs or #Art_NFTs. These are typical made by taking a digital work, obtaining a hash (basically a fingerprint) of it and recording that hash on the blockchain written in a tradable token. Note: the digital file can be easily reproduced and stored anywhere.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
