INOFi Protocol
  • INOFi Introduction Summary
  • Executive Summary
  • Introduction
    • The Value Of NFT
    • NFT Market Status
    • NFT Problem
    • INOFi Solution
    • The Value of DeFi
    • DeFi Market Status
    • DeFi Problem
  • INOFi Report
    • INOFi Summary
    • NFT
    • Fractional NFT
    • DeFi
    • Chains
    • Offering Token
  • INOFi Platform Model
    • INOFi Ver.1
    • INOFi Ver.2
  • FON TOKEN
    • Mining Logic
    • FON Token Mining Release​
  • Functionalities
    • Ticket
    • Offering
    • Staking
    • Auction
  • Disclaimer
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  1. Introduction

The Value Of NFT

NFT is called "Non-Fungible Token" which was produced through the Blockchain Contract. It's one of the digital assets. NFT's biggest feature is that it can't be replaced by anything. The start of NFT is from Digital art, but now it can be connected to the real things. It is possible to make it into NFT like the digitalized collections and all other types of digital assets. These are minted NFTs are given a unique contract. The NFT essentially proves the owner of the digitized asset, and the proof is permanently recorded on the blockchain. So the value of NFT can be used as an asset and it becomes another asset, like currency, stock and bond.​

First, the NFT has a rarity. ​

Most of the NFTs issued are only one. Even if you issue multiple copies, the quantity is limited and the issuer is also If ownership is transferred, the owner's rights are preserved because the same NFT cannot be issued. For example, many fans want to keep soccer tickets, but the quantity is limited. If this soccer ticket is issued by NFT, it will automatically generate smart contracts Since it is recorded on the blockchain, it is impossible to forge/falsify and becomes the only card in the world.​

Second, copyright can be proved.​

The creator has experienced countless copyright infringement problems. If the creator publishes his or her work as NFTs, his own records remain on the blockchain. So you can't copy it, and you can claim copyright. Transaction records are transparent, Therefore, everyone can check the authenticity of the NFT.​

Third, ownership verification and valuation are possible.​

NFT's ownership and source are encrypted in the blockchain at the time of distribution of the contract. It is recorded and cannot be changed. NFT owners can see the effect of having a certificate by proving it on the blockchain. Owning NFT digital assets is similar to owning traditional digital financial assets. The exchange value of NFT ownership is transferable, which can be sold to anyone in the world. Sales can be made between the owner and the buyer's individual, and the value of the NFT is also determined. The NFT market is growing thanks to the advantages of solving existing problems.​

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Last updated 2 years ago