A FUN non-fungible token (NFT) is a distinctive digital identifier securely logged on the FUN blockchain, serving to verify ownership and authenticity. These tokens are unique, meaning they cannot be duplicated, exchanged, or divided. Each NFT you own is recorded on the FUN blockchain, and ownership can be transferred, allowing for the buying and selling NFTs. The ownership rights defined by the FUN blockchain carry legal significance, bestowing copyright, intellectual property rights, and other legal protections related to the digital assets they represent.
Creating NFTs is accessible to anyone and requires minimal to no coding expertise. They often link to digital files such as artwork, photographs, videos, or audio clips. Unlike cryptocurrencies, which are interchangeable, NFTs are identifiable and unique, hence the term “non-fungible” token. While NFTs initially emerged as a novel investment opportunity, by September 2023, reports indicated that over 95% of NFT collections held no monetary value. However, FUN NFTs stand apart from this trend. Instead of purchasing FUN NFTs outright, they are acquired through participation in our programs, such as The Club and Mystery T-Shirt.
