Crypto Academy week 10 | Homework post for Professor @levycore | Non-Fungible Tokens NFTs | AreaX NFT

in SteemitCryptoAcademy3 years ago

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What is NFT?

NFT stand for Non-fungible token

Non-fungal tokens, or NFTs, are blockchain's unique identification codes and cryptographic assets, including metadata different between them from each other. Unlike cryptocurrencies, these cannot be equivalent transactions or exchanges. It differs from fungal tokens, such as cryptocurrencies, which are identical to each other and, therefore, can be used as a means of commercial transactions.

Okay, let's make it easier to understand:

  • NFTs are unique cryptographic tokens that are built on a blockchain and cannot be copied or replicable.

  • NFT can be used to present real world items such as art works.

  • NFT means non-fungible token. Non-fungible is an economic term that you can use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique features.

  • NFTs are digitally unique, the two NFTs are completely different. No matches can be found with one another.

  • Non-fungible tokens (NFTs) identify information recorded in their smart contracts. Everyone has a unique information to each other and these cannot be directly replaced by other tokens but by standard.

NFT is a very cool idea and great future especially in gaming. The NFT blockchain has revolutionized the world

AreaX NFT

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AreaX NFT is an NFT marketplace based on the NFT Marble Standard. You can easily tokenize your resources and enjoy AreaX gamification ecosystems. When you check the site, it automatically goes into a dark mode and you will be surprised at the noticeable minimum home page.

What is a Marble Standard?

The value of a modular digital item for the EOSIO software. Marble is an open-source token standard where contributions and improvements are welcomed by the community. To make a contribution, simply fork this repo and submit a PR for your change. To avoid duplication of work, it is best to engage with the community first to determine what will be the acceptable addition to the value.

Marble Smartcontract of AreaXNFT

Another product available here at AreaXNFT is T-Bond, a type of NFT that has a specific value. These are crypto tokens that act as treasures that can be sold or traded in different markets or can also be used as a yield hedge for tokens by offering rewards by stacking, its potential is much higher. It has a certain amount of time that you can hold these tokens and as it matures the value will increase like land or fixed assets.

Features of AreaX NFT:

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AreaX is divided into several different categories in which artists can place their work, If NFT sold, the artist will get payment in Tlos.

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The AreaX NFT community is very active as artists are constantly bidding on their platforms and hundreds of NFTs are being sold daily.

AreaX's vision is to allow virtual space creators to control and design the world the way they want. AreaX is a community-driven platform.

Telos Token

There are two versions of the Telos Token now.
The Native Telos (TLOS) which you can buy in probit and newdex. And the ERC20 TLOS Token - which was just been listed in UNISWAP recently. Also Telos (TLOS) ERC20 Token to be listed on PANCAKESWAP this April 21.
A Pancake served with a purple berry on top would be extremely delicious.


Telos Token Chart

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Telos chart

Where to Buy Telos:

Tlos is listed on several exchange sites. If you want you can buy Tlos from probit, mxc, newdex, unisawp.

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Store Telos (Tlos)

Telos has its own wallet where you can store Tlos. There are also several third-party wallets that can be stored.

Here is the Telos wallet



Useful links:

Telos White paper
Telos Webpage

Every picture taken from AreaX Webpage


Thank you Professor @levycore.

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Hi @shajj, thank for submitting your homework

Feedback

I wish I could find how to not just where to beside it is only going around the surface of the project.

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