NFT stands for Non-Fungible Token, which is a digital asset representing real-world objects like art, music, videos, and in-game items. NFTs are bought and sold online, frequently with cryptocurrency, and are encoded with blockchain technology.
NFT owners and buyers hold exclusive rights to whatever real-world or virtual object the NFT represents. Each NFT contains built-in authentication, which acts as proof of ownership.
Essentially, NFTs act the same as physical collector's items, except that they are digital. Instead of receiving an actual oil painting one can hang on his/her wall, a buyer of fine art will receive an NFT depicting this fine art instead.
NFTs that are built with and stored on the Cardano blockchain. Generally speaking, can be purchased with and sold for $ADA, the official token of Cardano.
Our CSWAP-NFTS are NFTs minted on the Cardano blockchain using CSWAP proprietary technology. These will be some of the first NFTs that serve a dual purpose, both as art and for utility on the CSWAP platform.
The NFT Revolution on Cardano
The NFT market is growing. Each day, investors, collectors, and speculators spend 1-2M $ADA on CNFTs. This number is expected to grow dramatically.
NFTs can represent lands in the metaverse, playable characters in a game, and digital works of art. No matter what an NFT represents, it will be backed by $ADA.
NFTs are exciting. The OG project "Cardano Kidz", represents the history of Cardano through collectible digital cards. Hot selling Pavia land plots represent digital land in the Cardano-based, Pavia metaverse, with new projects launching weekly, the adoption of NFTs on Cardano is exploding.
An NFT collector is just like any other collector. They make a payment, either in a private market, public market, or auction for rights to a digital asset. NFT holders can sometimes view their assets in their Cardano wallets, but results are inconsistent, with many Cardano NFT holders instead opting to use a service like Pool.pm.