What is NFT?

NFT stands for "Non-Fungible Token."
A "token" is an electronic certificate issued by a blockchain. Until now, it has been difficult to add value to digital data because it can be easily copied and modified. However, it is now possible to add value to digital data by writing information about the digital data (name of creator, originality, etc.) into the blockchain and issuing tokens that are tied to the digital data. In other words, through tokens, the blockchain proves the value of that data.

The ability to add unique value to digital data has led to the increased use of NFT, especially in the art and gaming industries.

Some NFTs can be bought and sold or transferred to other people, while MYAKU-N! is structured in such a way that this is not possible. The terms of use also restrict secondary distribution and transfer.

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