## Unique digital collectibles NFT, standing for Non Fungible Tokens, are unique digital collectibles that are unable to be replicated because stored on a decentralized #blockchain such as Ethereum. Each item is totally exclusive to its owner and cannot be duplicated or deleted. I heard about NFT for the first time on a newsletter about digital art. After digging a bit on this, I discover a whole new usage of the blockchain technology, entirely dedicated to art and collectibles. NFT is solving some of the toughest problems for art in the digital era which are : the non uniqueness and the ownership of art pieces. The non-fungible aspect is what make NFT so interesting, in opposition to fiat cash. Fiat cash and cryptocurrencies are fungible as they're totaly interchangeable : 5€ bill is interchangeable with any other 5€ bill, just like 1 BTC is interchangeable for 1 BTC. The act of creating an NFT is call "Mint". To tokenize an asset you need to bring the file to a minting platform like [OpenSea](https://opensea.io/), [Rarible](https://rarible.com/) or [Mintbase](https://mintbase.io/). They're all working on Ethereum, and you need to have a specific ERC721 or ERC1155 [wallet](Wallets.md) to record the file. This will cost some ETH, so the price you pay for minting a piece is highly fluctuable. ## Usages From : [Complete guide to NFTs](https://blockonomi.com/nfts-collecting-creating-guide/) - Digital art ([SuperRare](https://superrare.co/), [KnownOrigin](https://knownorigin.io/), [Async Art](https://async.art/), [Rarible](https://blockonomi.com/rarible-nft-marketplace/), etc.) - Digital music ([Mintbase](https://mintbase.io/), [InfiNFT](https://www.infinft.com/), etc.) - Virtual real estate ([Cryptovoxels](https://www.cryptovoxels.com/), [Decentraland](https://decentraland.org/), etc.) - VR wearables - Gaming assets ([Axie Infinity](https://axieinfinity.com/#), [Sorare](https://sorare.com/), [Gods Unchained](https://godsunchained.com/), etc.) - Event tickets / Attendance receipts - Subscription badges - Blockchain domain names ([Ethereum Name Service](https://ens.domains/), [Unstoppable Domains](https://unstoppabledomains.com/), etc.) - Tokenized luxury goods, e.g. wine - Tokenized insurance policies ([yEarn’s yInsure tokens](https://medium.com/iearn/yinsure-finance-a-new-insurance-primitive-77d5d4217896), etc.) ## Links ### About - [Nifties - Blog on diigtal art](https://nifties.com/) - [NFT Wikipedia](https://en.wikipedia.org/wiki/Non-fungible_token) - [What are NFT - Ledger](https://www.ledger.com/academy/what-are-nft) - [Non Fungible Tokens may become the trendsetter in the industry](https://medium.com/datadriveninvestor/non-fungible-tokens-nft-may-become-the-trendsetter-in-the-industry-47880fe20626) - [The Defiant guide to Digital Art](https://thedefiant.substack.com/p/the-defiants-guide-to-digital-art) - [$170 000 Digital Artwork sold](https://www.youtube.com/watch?v=VecNo4raNUY) - [TEDx - What is the future of Art on Blockchain](https://www.youtube.com/watch?v=QlgE_mmbRDk) ### Marketplaces - [Rarible - First community-owned NFT marketplace](https://rarible.com/) - [Terra Virtua - Immersive digital collectible platform](https://terravirtua.io/) - [OpenSea - Largest marketplace for rare items](https://opensea.io/) - [CryptoKitties - Collect and breed furrever friends](https://www.cryptokitties.co/) ### Artists - [Mienar - Digital artist](https://mienar.com/) ### Tech - [Flow blockchain built for digital assets](https://www.onflow.org/) ### Tools - [MEW - MyEtherWallet](https://www.myetherwallet.com/) - [Trust Wallet for NFTs](https://trustwallet.com/collectibles-wallet/)