21/02/2022
What are Non Fungible Tokens?
Non fungible tokens, or NFTs, are a new type of digital asset that is unique and cannot be divided into identical units.
They are often used to represent unique items in video games, virtual worlds, and online marketplaces.
Why are they important?
NFTs offer a number of advantages over traditional digital assets. For example, they can be used to create digital scarcity, which is essential for ensuring that valuable assets retain their value.
They can also be used to create more interesting and complex game worlds, and to create more secure online marketplaces.
How do they work?
NFTs are created by issuing a unique cryptographic key for each unit. This key is stored on the blockchain, which acts as a secure ledger of all NFT transactions.
When someone wants to transfer an NFT, they simply send the key to the recipient.
Tomorrow we release our own NFTs into the wild at ANMLLAND.com but these are unique because they pay you in our own form of cryptocurrency called $ANMLZ
These $ANMLZ tokens can then be re-invested back into your collection or sold on the open market to take your profit.
They can also be used to invest and hold the tokens in what is called a staking account which is like a high interest savings account where we pay you interest on your balance.
Pretty cool right!