NFT
nft income systems • creative yield models
NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain that represents ownership of a specific item, such as art, music, videos, or virtual goods. Unlike cryptocurrencies, NFTs are not interchangeable one-to-one because each token has distinct properties and value. They are commonly used for digital collectibles, gaming items, and certifying ownership of digital or real-world assets.
Use Case: A musician releases an album as NFTs, granting buyers verifiable ownership of tracks, limited-edition artwork, and unlockable backstage passes.
Key Concepts:
- Digital Collectibles — Scarce items with verifiable ownership and provenance on-chain.
- Creator Economy — A system where artists and builders monetize directly via blockchain-based tools.
- NFT Standards — Technical protocols (e.g., ERC-721, ERC-1155) that define NFT functionality.
- Secondary Market Revenue — Ongoing royalties from resale of tokenized assets.
Summary: NFTs transform ownership in the digital age by making art, collectibles, and assets verifiable, tradable, and programmable through blockchain. They empower creators while giving users true digital property rights.