How to Download and Play Fortnite on your Cell Phone: Complete Step by Step
You non-fungible tokens (NFTs) in English are called non-fungible tokens, and are making a difference in the financial market, moving high values for those who buy, create and sell these assets.
Described as digital assets, NFTs have already moved in a period of eight months, from January to September 2021, a value of US$ 13.2 billion dollars, according to data released by the DappRadar website.
In this content, we will bring more information about the non-fungible tokens and what they are. Its advantages, disadvantages and also, some examples that exist in the market. Check it out below:
Before understanding what are the Tokens não fungíveis, it is important to understand what the terms “token” and “fungible” actually mean. Therefore, the token is the digital representation of an asset. That is, a money, property or object of value.
This is registered by a blockchain, a technology that was born in 2008 with bitcoin. In relation to the fungible term, the Brazilian Civil Code defines them as those that “can be replaced by others of the same type, quality and quantity”.
In other words, the non-fungible tokens são considerados como algo que não tem um valor definido como, por exemplo, uma obra de arte. Isso porque uma NFT é a representação de um item exclusivo, que pode ser algo digital ou físico.
Simply put, we can say that the non-fungible tokens they are nothing more than a digital certificate of ownership, whose authenticity can be seen and confirmed by anyone. However, it is unalterable.
This happens because, in their registration, there is a sequence of codes that identify them. This record is made on a blockchain, which is a public and immutable database, through a smart contract.
In summary, this is an elaborate process that involves its creation, programming and a kind of “hosting” on the blockchain. Thus, they become unique and unchanging, with their authenticity guaranteed.
in the world of non-fungible tokens, basicamente qualquer coisa pode virar uma NFT. Ou seja, tanto uma música como quadros físicos e digitais, itens de um jogo, fotos, domínios de sites, vídeos, redes sociais entre outros.
Even a tweet has been marketed as an NFT. That was at the beginning of last year, when the president of Twitter himself sold his first tweet for an approximate value of US$2.9 million dollars. On it, it said, “just setting up my twttr”.
Therefore, several items can be transformed into NFTs and traded in the financial market. However, its value will always vary according to how much the buyer is willing to pay, in relation to its characteristics.
Now that you understand the main points about the non-fungible tokens, the time has come to know where to find and buy them. Below is a small list of marketplaces specializing in these sales:
The purchasing process of non-fungible tokens It's quite simple. To do this, just register on one of the platforms mentioned above. In addition, you need to have funds, i.e. cash available in cryptocurrencies for the purchase of NFT.
Each of these NFT marketplace companies has its own characteristics, which makes them accept different digital assets. At OpenSea, for example, processes are based on the Ethereum network.
Therefore, you need to use Ether or Wrapped Ehter, USD Coin and Dai tokens. In short, the user enters the platform, clicks on explore, selects his asset and clicks on the “Buy now” button. At that moment, the link with the digital wallet occurs.
To “create” your non-fungible tokens on a platform like OpenSea, for example, just connect to the cryptocurrency wallet and upload your project, including customizations. To find out about more topics like this, visit the Apps!
However, for that, you need to go down the platform. So, connect your phone to an internet network and then open your app store, which can be both the App Store as well as the Google Play Store.
In the menu, go to the search field and enter the name of the platform you want to download. Then, check the results and, with everything right, click on “Install”. The process takes a few seconds, and ends when the app icon appears on your phone.
