The Ultimate Guide to Non-Fungible Token( NFT )
                     The ultimate 
guide to 
Non-fungible 
token( NFT )
What Is NFT?
An NFT is  a type of  d ig i ta l  token that  i s  created 
through blockchain technology.  As a dig i ta l  asset ,  
th is  token is  not  avai lable  in  a phys ical  form.
Source: unblock.net 2
Digital tokens 
NFTs are d ig i ta l  tokens that  are unique.  They can’ t  
be interchangeable which means that  each NFT has 
the character ist ics  that  set  i t  apart  f rom al l  other  
tokens.  NFTs are  often used to  represent  unique 
assets ,  such as col lect ib les or  d igi ta l  ar t .  
Source: unblock.net 3
What it represent?
They represent  part icular  ownership of  an asset ,  
such as  land,  inte l lectual  property,  art ,  or  even 
another NFT.  NFTs can be stored on b lockchains  and 
used to ver i fy the  transfer  of  digi ta l  assets  
between users .
Source: govisafree.com 4
Cryptographic assets 
NFTs can have diff erent  attr ibutes f rom other NFTs 
in the same category;  however,  they share some 
s imi lar i t ies too (e .g. ,  each NFT co in represents  
something) .  
NFTs are  cryptographic  assets  bui l t  on a blockchain 
wi th metadata and unique ident ifi cat ion codes that  
separate them from each other.  
Source: govisafree.com 5
Benefit
 NFTs can he lp connect  ar t is ts  with prospect ive 
audiences.  As blockchains are involved,  NFTs can 
also  be used for  ident i ty  management.  As a result ,  
t ransact ions can be s impl ifi ed,  and new markets  
can be created.
Source: govisafree.com 6
NFT market 
At the moment,  the  NFT market  i s  centered on 
col lect ib les ,  which inc lude rar i t ies ,  sports  cards ,  
and artwork.  
Source: govisafree.com 7
Classification
NFTs can be c lass ifi ed into three main types:  
• NFTs that represent  real -wor ld assets  inc lude 
artworks and col lect ib les
• NFTs for  c reat ing v i r tual  objects  may inc lude in-
game i tems or  d ig i ta l  assets
• NFTs for  identi ty management can be used,  for  
example,  to ver i fy  the age of  a person
Source: govisafree.com 8
Digital Art
NFTs that  represent  digi ta l  art ,  inc luding but  not  
l imited to  drawings and paint ings,  are  part  of  h igh-
profi le  auct ions where NFTs have been sold for  
mi l l ions of  dol lars .  
NFT-based artworks are usual ly  created using 
p lat forms such as  Ni fty  Gateway and SuperRare.
Source: govisafree.com 9
Games
CryptoKi t t ies ,  a game bui l t  on the  Ethereum 
blockchain,  i s  one of  the  most  popular  NFT games.  
The game al lows users  to breed and col lect  dig i ta l  
cats.  The value  of  some CryptoKi tt ies  has reached 
$100,000.
Source: govisafree.com 10
Music
NFTs can also  represent music .  For  example,  in  
2019,  NFT startup Audius  ra ised $55 mi l l ion in  a  
Ser ies  A funding round.  The company uses NFTs to 
t rack and distr ibute roya lt ies  to art is ts .
Source: govisafree.com 11
Thank you
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