Introduction to NFTs

An abstract on NFTs

The creation of Bitcoin introduced the concept of trustless, digital scarcity to money. Before it, the cost of digitally copying of something was next to nothing. With the advent of blockchain technology, programmable digital scarcity has become possible — letting us map the digital world to the real world. Non-fungible tokens (NFTs), often referred to as crypto collectibles, expand this idea.

Unlike cryptocurrencies, where each token is equal, Non-Fungible Tokens are unique and limited in quantity.

NFTs are a key building block in a new, blockchain-powered digital economy. Numerous projects have experimented with NFTs in a variety of use cases, including gaming, digital identity, licensing, certificates, and fine art. What’s more, NFTs even allows for fractional ownership of high-value items.

WHAT IS NFT?

A Non-Fungible Token (NFT) is a type of digital token that represents a unique asset. These can either be entirely digital assets or tokenized versions of real-world assets. As NFTs are not interchangeable with each other, they function as proof of authenticity and ownership within the digital realm.

WHAT ARE FARM RWA NFTs: The Farm RWA NFTs are factory's collectibles which represents a unique type of digital art-work surrounding the real-world farming and farming arts either as Trade-ABLE or Redeem-ABLE arts backed to $FAMR tokens via Protocol infrastructure.