Buy cheap NFT on OpenSea

NFT means “non-fungible token”. Unlike fungible tokens, which can be easily exchanged, non-fungible tokens are digital assets defined by unique properties, and therefore not interchangeable.

Coined on the basis of blockchain technology, each NFT is provided with a unique, secure and decentralized proof of ownership.

NFTs also rely on smart contracts, which allow their creators to receive royalties for each subsequent resale, depending on the contract structure.

The first group of NFTs consisted mainly of digital collectibles: the videos of the best baskets made in the American NBA basketball league represent one of the most successful examples.

The platform allows fans to buy, sell and trade numbered versions of NBA game highlights — the digital equivalent of stickers. For example, a video by LeBron James sold for $ 200,000, while the platform generated gross revenue of $ 308 million.

An NFT can be any digital content: a JPEG file, a GIF, a 3D animation, a virtual reality experience, etc.

The brand is no longer limited to offering physical products or services, but can also range from virtual products.
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