What is NFT?

Grzegorz Brzęczyszczykiewicz

What is a non-fungible token? What the use of it?

Mark Towers

Simply put, you have the only confirmation of the possession of this or that object. In fact, this is a very cool thing that allows you to prove that something definitely belongs only to you. A very convenient way in our world, since almost any documents can be forged, bribed or stolen. You can distribute it however you like, but only you have the ownership. But now this technology is used not only for collecting. The guys at https://myimpactpower.org/ want to invest in environmental improvements with this technology by selling certain cards. That is, they are trying to make a thing useful for society out of a banal collection.


Each record on the blockchain is called a token. However, in an open blockchain, all tokens are equal to each other and are fungible. This means that one token can be replaced with another of the same token and nothing will change. But Non Fungible Token (NFT) technology works differently. Each non-fungible token is unique and cannot be tampered with, split, or subtly replaced. Such an organization is ideal for securing your rights to any unique object, be it a work of art in a single copy, an item in a computer game, or even real estate.