NFT stands for non-fungible tokens or tokens that cannot be replaced. This cryptocurrency uses blockchain technology like Bitcoin, but it's different.
If Bitcoin is like a coin, then an NFT is like a digital certificate associated with a single digital asset. Having an NFT is not the same as owning physical property, users cannot own the NFT through a digital registration of physical property or property as reported by Slashgear.
Thus, this NFT is like a certificate that only represents the ownership of tangible and intangible property. NFTs are very different from other cryptocurrencies, even though they both use blockchain technology.
Fungible tokens and non-fungible tokens
Fungible means "non-exchangeable". Bitcoin cannot be replaced by other physical or digital assets, so bitcoin is a fungible token. Therefore, the owner can have a digital wallet that contains a certain amount of Bitcoin. However, this cannot apply to TNs because they are unique.
Unlike the real world, each item has its own cue, such as paintings, pictures, songs, and so on. This makes some people unable to distinguish between original and duplicate works. Thus, with the presence of G32 NFT, these different assets can be assessed for their authenticity even if their imitations are circulating on the internet.
This makes the NFTs have different values are sold at different prices. The value of NFT assets cannot be traded or equated with other cryptocurrency assets.
For example, if a house is priced at IDR 500 million, then the value of the house is equivalent to USD 34,700. It could also be equivalent to 18.34 Ethereum based on the per coin exchange rate of IDR 27 million. So, an NFT asset with the same price, namely IDR 500 million, cannot be compared with the house. This is what makes the selling price of the NFT vary because it depends on the seller himself.
We have a lot of digital assets, we don't really own them, OpenSea, the developer of NFT, said on its official website.
This applies to various digital products today, such as songs, digital movies, games, e-books, and so on. However, we don't really own these products.
Any digital product that has already been purchased is only available to the buyer as long as the seller agrees to allow the buyer to store it. Instead of something like a buyer having a physical product that was purchased from a store, the purchase of a digital product can only have a digital owner certificate.
How to buy or sell an NFT
Users can log into OpenSea.io, then click on the account icon in the upper right corner, then log in. Previously, users had to first set up an Ethereum wallet with MetaMask. So, after that, the user will be directed to the trade.
With NFT, users will receive individual codes for certain assets. This NFT code includes property rights, transfers, access controls, and display rules. This is a brief explanation of what NFT is.
Contract Address: 0xE1FD4d9DD64F6A48EFB86D96E5a411420624CBcD
How to Buy G32 On Pancakeswap
1. To buy:
Go to DApps. On the history section, locate and click on https://pancakeswap.finance/swap.
Then click on the swap option.
Then paste contract address (0xE1FD4d9DD64F6A48EFB86D96E5a411420624CBcD) on the select token option search bar.
When it opens, click on G32 and import.
You are now ready to buy with BNB, BUSD, or USDT. Buy by imputing the right slippage value.
2. To receive tokens in your wallet.
Click on the icon (with 2 circles) on the top right of your trust wallet. It will take you to search for tokens.
Paste the contract address on the search token pop-up. When the page opens, click on add custom token.
Change network to Smart Chain and paste contract on the "contract address" box then click on done.
Go back to your wallet and you will see your allocated tokens
Bucharest Gladiators will take on Cluj at the Moara Vlasiei Cricket Ground, Ilfov County, Bucharest in the Match 19 of ECS Romania, 2021 on Friday 16th July 2021.
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The exhilarating Gennady Golovkin vs. Steve Rolls fight in the United States on DAZN, may seem a distant goal for some due to their location however, with FastestVPN you can eliminate your fear altogether.
The grand fight night is on June 8th however due to a few time zone differences, there are few discrepancies in timing for UK and US viewers alike.
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