NFTs Blockchain Technology Based Digital Asset Training Ppt
This set of slides showcases the utility of blockchain-enabled NFTs in the financial system. It also tabulates the difference between fungible and non-fungible tokens.
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Slide 1
This slide defines Non-Fungible Tokens (NFTs), which means that these cannot be replaced or exchanged due to its unique features. NFTs are used for specific applications that require unique digital items such as Artwork, Music, Trading Cards, Virtual Worlds, and Domain names.
Slide 2
This slide differentiates fungible tokens from NFTs. Fungible tokens are not one-of-a-kind and can be easily traded for another of the same sort, while non-fungible tokens are one-of-a-kind and non-transferable.
Slide 3
This slide illustrates that Financial NFTs comprise everything from insurance and bonds to unique baskets of tokens and tokenized real-world assets. They're on track to become the most extensive single-use of NFT technology to date. A significant example just appeared in Uniswap v3, which began issuing liquidity provision tokens (claims on tokens supplied by market makers) as NFTs.
Instructor Notes:
Aside from Uniswap, NFTs have already begun to be used for financial reasons as given below
- Yearn. Finance insurance contracts insured by Nexus Mutual are being offered on Rarible as NTFs
- Solve Protocol is programming investment contracts into NFTs to improve transparency and transfer of project tokens
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