Non-fungible tokens and their smart contracts allow for detailed attributes to be added, like the identity of the owner, rich metadata, or secure file links. Though Ethereum was the first to be widely used, the ecosystem is expanding, with blockchains including Solana, NEO, Tezos, EOS, Flow, Secret Network, and TRON supporting NFTs. Non-fungible tokens can also be created on other smart-contract-enabled blockchains with non-fungible token tools and support. EthereumвЂ™s non-fungible token standard, as used by platforms such as CryptoKitties and Decentraland, is ERC-721. Tokens like Bitcoin and Ethereum-based ERC-20 tokens are fungible. Collecting different digital kittens is the point of the game. Each blockchain-based digital kitten is unique if you send someone a CryptoKitty and receive a CryptoKitty from someone else, the one you receive will be a completely different CryptoKitty from the one you sent. However, in recent months some investors have experimented with the concept of fractionalized NFTs, though they remain a legal grey area and could be seen as securities.Д¬ryptoKitties collectibles were some of the first non-fungible tokens. Typically, non-fungible tokens are not divisible, in the same way that you cannot send someone part of a concert ticket part of a concert ticket wouldnвЂ™t be worth anything on its own and would not be redeemable. (Of course, the value of Bitcoin might change during the time of exchange.) You can also send or receive smaller amounts of one Bitcoin, measured in satoshis (think of satoshis as cents of a Bitcoin), since fungible tokens are divisible. You can send someone one Bitcoin and they can send one back, and you still have one Bitcoin.

What are ntfs