What are ByteBlock NFT Tokens?
ByteBlock usages Non-Fungible Tokens from tezos Using FA2
What is FA2 (TZIP-12)?
The FA2 provides a standard API to transfer tokens, check token balances, manage operators (addresses that are permitted to transfer tokens on behalf of the token owner) and manage token metadata. We follow the same standard.
What is a Non-Fungible Token (NFT)?
An NFT (non-fungible token) is a special type of cryptographic token which represents something unique; non-fungible tokens are thus not mutually interchangeable. NFTs can represent ownership over digital or physical assets like virtual collectibles or unique artwork.
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The FA2 contract also associates some metadata with each token. This tutorial supports token symbol and token name metadata attributes. However, the implementation can be easily extended to support custom metadata attributes such as an associated image or document URL and its crypto-hash.
Examples of NFTs
NFTs have applications everywhere from video games, to collectibles and tickets 1. Cryptokitties is a game centered around breedable, collectible kitties. Each kitty is unique with its own distinct genes. When you buy a Cryptokitty, you are gaining ownership of NFT that corresponds with that kitty. It cannot be destroyed or replicated. 2. Decentraland is the first-ever virtual world owned by its users where you can create scenes, explore lands, and trade wearables. Creating NFTs for these assets makes them tradable in-game tokens or even real-world cash.
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