What are NFTs, and should your business care?

1 MIN READ
Posted by Polymath
SHARE  

NFTs (Non-Fungible Tokens) are unique digital assets, stored on a blockchain, that represent ownership of a specific item such as a piece of artwork, music, video or collectible. Unlike cryptocurrencies, NFTs cannot be exchanged on a one-to-one basis because each NFT has its own unique attributes and characteristics. This allows for scarcity and authenticity to be established, leading to NFTs being used as a form of ownership and authentication for digital assets.

What are NFTs, and should your business care?

 

 

 

 

 

 

 

 

 

 

 

 
Tech & Development, Web3

Related Posts

GUIDE

Security Token Custody: The Challenges and Opportunities

Security tokens come with a unique set of requirements. While they’re intended to bring efficiency and automation to capital markets, digital asset custodians often face scalability and efficiency issues when handling them on public blockchains.

This guide dives deep into the challenges surrounding security token custody and how a purpose-built blockchain can overcome them.
Security-Token-Custody-Guide-

    Polymath
    First Canadian Place
    100 King Street West, Suite 5700
    Toronto, ON M5X 1C7
    Tel +1 416-915-3185

     

    Stay informed

    Join our list to receive regular newsletters from Polymath

    © 2024 Polymath Research Inc. All rights reserved.  Polymath Research Inc., the Polymath logos, and all other products or service names are trademarks of Polymath Research Inc. or their respective owners.

    DISCLAIMER: THIS WEBSITE IS OPERATED BY POLYMATH INC. (“POLYMATH”), A TECHNOLOGY PROVIDER PROVIDING BLOCKCHAIN BASED TECHNOLOGIES FOR DIGITAL ASSETS. POLYMATH IS NOT A REGISTERED BROKER-DEALER, INVESTMENT ADVISER, OR FINANCIAL ADVISOR AND IS NOT REGISTERED WITH ANY REGULATORY AGENCY OR BODY. POLYMATH DOES NOT GIVE INVESTMENT OR LEGAL ADVICE, ENDORSEMENTS, ANALYSIS, OR RECOMMENDATIONS WITH RESPECT TO ANY ISSUERS, SECURITIES OR OTHER DIGITAL ASSETS. NOTHING ON THIS WEBSITE SHALL CONSTITUTE OR BE CONSTRUED AS AN OFFERING, DISTRIBUTION OR SOLICITATION OF SECURITIES OR AS INVESTMENT ADVICE OR INVESTMENT RECOMMENDATIONS BY POLYMATH OR ANY OF ITS AFFILIATES. ALL SECURITIES OFFERINGS AND DIGITAL ASSETS POWERED BY POLYMATH’S TECHNOLOGY ARE OFFERED BY, AND ALL INFORMATION RELATED THERETO IS THE RESPONSIBILITY OF, THE APPLICABLE ISSUER OF SUCH SECURITIES OR DIGITAL ASSETS. POLYMATH DOES NOT CUSTODY ANY DIGITAL SECURITIES OR DIGITAL ASSETS.

    LEGAL DISCLOSURE: POLY and POLYX is a fully decentralized element of the Polymesh Network protocol. We, Polymath Research Inc., may neither influence the functionality of the POLY/POLYX nor does the POLY/POLYX confer any rights against us or any third-party. Nevertheless, we may engage from time to time in transactions of our own tokens on Coinbase or other exchanges.