1. What is NFT？
The full name of NFT is Non-FungibleToken. Each token is unique, indivisible and interchangeable.
The full name of NFT is Non-FungibleToken. Each token is unique, indivisible and interchangeable.
a. NFT VS FT
NFT stands for Non Fungible Tokens. It is the only and inseparable token, such as cryptokitties, tokenized digital tickets.
FT (Fungible Token) is a kind of token that can be replaced, it is unified, and can be divided into infinitely. For example, BTC and ETH are fungible tokens.
b. Advantages of NFT
Uniqueness, indivisibility, ownership, cross-game attributes.
NFT is actually a kind of Token, but unlike FT (Fungible token), each NFT has its own unique attributes that distinguish it from other NFTs. Each NFT is branded with a uniqueness, this feature determines the value of each NFT is different.
c. ERC721 and ERC1155
ERC-721: 1. Only apply to Non-Fungible Tokens, 2. Only support one token per transmission 3. A smart contract can only issue one token
ERC-1155: 1. Fungible and Non-Fungible are both allowed, 2. New concept coins like semi-fungible tokens are allowed, for example, fungible tokens can be "transformed" into non-fungible tokens, and vice versa. Supports batch transmission of multiple token IDs in a single transaction. (Since each Ethereum transaction takes approximately 15-30 seconds, ERC-721 takes a long time to transfer tokens, while ERC-1155 can send hundreds of different tokens in one block. Optimized ERC-1155 successfully passed the test and can transmit 150-200 tokens per second) 3. You can issue multiple tokens in one smart contract.
2. What is OKEx NFT marketplace?
2. What is OKEx NFT marketplace?
OKEx NFT marketplace, a decentralized platform for your virtual assets.
3.OKEx NFT marketplace Features:
3.OKEx NFT marketplace Features:
Primary: a section of our NFT marketplace with the best projects created by different artists, influencers or celebrities.
Market: Secondary market
My NFT: You can create, view and sell your NFT.
