It all started with a cat, but CryptoKitties were just the beginning of Crypto-Collectibles application. If you still don’t know what are CryptoKitties, you should read this article.
Outside of exchanges, CryptoKitties is the most-used smart contract in the history of blockchain. Ans they are now more than 1 million CryptoKitties born inthe blockchain world.
Thanks to the overly popular Ethereum blockchain game CryptoKitties, the ERC-721 tokens have come into the foray of the DLT world. CryptoKitties is basically a collectible card game where the players have the option to buy, sell and exchange virtual cats. What sets CryptoKitties apart from most of the other games is the fact that every digital feline is unique in its own way.
To explain the benefits and explore potential use-cases of non-fungible tokens, we first have to define the meaning of fungibility. Probably the most common area where we are faced with the concept of fungibility in our everyday lives is our usage of money.
Another interesting article explaining the main differences beteen two categories of tokens: non-fungible vs. fungible.
Tokens are the fuel firing radical new models of business and finance; the impact on the global economic order has only just begun. This tokenization heralds a worldwide revolution.
ERC-1400 is a new security token standard that should be ERC-777 and ERC-20 compliant. This token standard’s primary component is partial-fungibility. What this means is that one ERC-1400 token could be non-exchangeable with another such token.
The NonFungible Summit aims to be a truly developer and community-focused event. Talks are less about products and more about themes, processes, methodologies, philosophies, solutions, and implementations of true digital ownership.
The NonFungible Summit will take place in San Francisco on October 12th.