1.What is Non-Fungible Tokens (NFT)?
Non-Fungible Tokens, also known as NFT are digital assets that can be represent physical assets such as art, music, in-game items, videos, collectibles and etc. It is generally built using the same technology as cryptocurrency, which is the blockchain technology. However, their difference is that cryptocurrencies are “fungible”, meaning they can be traded or exchanged for one another, 1 BTC = 1BTC or 1 Pi = 1 Pi. On the other hand, NFTs are “Non-Fungible”, each has a digital signature/serial that makes it impossible to be exchanged for or equal to one another.
- What is Pi Network NFT Marketplace?
Pi Network NFT Marketplace aims to be a digital economy for storing, minting or trading (buying/selling) NFTs using Pi Network as its currency. This marketplace will be similar to the existing NFT marketplaces such as OpenSea, Rarible, Binance NFT Marketplace and etc. However, the currency which will be used in Pi Network NFT Marketplace will be Pi Network.
- Why will we choose NFTs?
NFTs are digital assets which has the three main benefits, ownership, transferable and authetic. Blockchain technology helps to prove your ownership thru the digital signature assigned to every NFT. NFTs can easily be transfer its ownership right to anyone at a much easier process. And the biggest benefit of NFT is the fraud protetction, thru blockchain technology, the authenticity of every NFT can be trusted and it provides buyers and collectors enough confidence that they’ll get what they paid for.
- Why will we choose Pi Network?
Pi Network’s easy accesibility will make the process of storing, minting or trading NFTs more easy and accesible to many Pioneers.
- How do we profit from it?
Just like the typical NFT marketplaces, Pi Network will profit as every transaction will have a percentage of the transaction fee. Likewise, anyone who mint their NFT using the Pi Network NFT Marketplace can set its percentage of royalty fee which they will receive everytime their NFT was sold.
不可替代代币，也称为NFT是数字资产，可以代表实物资产，如艺术品、音乐、游戏内物品、视频、收藏品等。它通常使用与加密货币相同的技术构建，即区块链技术。然而，它们的区别在于加密货币是“可替代的”，这意味着它们可以相互交易或交换，1 BTC=1BTC或1 Pi=1 Pi。另一方面，nft是“不可替代的”，每个nft都有一个数字签名/序列号，使得它们不可能相互交换或相等。