NFT Tokens on BSC

What’s are NFT Tokens?

NFT (Non-Fungible Token) defines an indivisible, has uniqueness in ecological circulation of tokens interaction and interface specification. On the blockchain, cryptocurrencies are divided into two categories: original coins and tokens. The former, such as Bitcoin and Qtum, has its own main chain and uses transactions on the chain to maintain account data. The latter, such as BOT and INK, relying on the existing blockchain and use smart contracts to record books.

Tokens can be divided into two types：homogeneous and non-homogeneous. Homogeneous tokens aka FT (Fungible Token), can mutually replaceable, can be close to the infinite resolution Token. Non-homogeneous tokens, aka NFT, are unique and indivisible tokens, such as tokenized digital tickets.

Why NFT Tokens on BSC?

NFTs on BSC will help reap all the benefits that we associate with BSC, such as its speed, low fees, and reliability, can be gained when using BSC-based NFTs. The community loves innovation and generally playing around with all the possibilities that the chain has to offer… so it’s another feather in the cap of BSC.

Types of NFT's

When we look at the kind of NFTs in use within the BSC ecosystem, we can split them into three major categories:

• Decentralized finance (DeFi) NFTs used for lotteries and liquidity pools

• Art NFTs for collectible pieces of digital art

• Game NFTs for collectible pets, weapons, and items