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Wondering what makes a non-fungible token (NFT) so special?

NFTs are a new form of digital property that can represent any asset that exists in the real world. They can be anything from virtual pets to digital paintings, music, certifications, movies, videos, property titles, Documents, or even a tweet by Twitter founder Jake Dorsey, which was sold for $2.9 million USD.

There are many ways to acquire NFTs, but one of the most popular methods is through decentralized exchanges (DEX). These exchanges allow users to trade peer-to-peer without an intermediary controlling their funds or locking them into a single platform just like what we building at Kalakar.  

NFTs can be traded on Kalakar for other cryptocurrencies like Litecoin, or even fiat currencies like U.S. dollars. However, it’s important to note that not all NFTs are fungible because some have certain restrictions on how they can be traded or exchanged for other assets (i.e., non-fungibility). 

Moreover, NFTs are unique, indivisible, and ownable. This means that no two NFTs can be the same, you cannot split them into smaller denominations, and you cannot purchase or transfer a part of them. They also have ownership certificates stored in blockchains, which makes it possible to prove the ownership of the digital asset. 

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