NFT stands for a non-fungible token, a unique digital asset with on-chain representation of ownership and nonduplicable identification of its authenticity. This includes assets where the value is embedded in the data of the NFT and recorded on the blockchain. In short, NFTs are just digital certificates of authenticity. These digital assets represent real-world objects such as art, music, gaming, videos, IP rights, real estate, and other assets. With NFTs, artwork and videos can be "tokenised" to create digital ownership that can be traded.
WadzPay supports the creator economy and a wide range of unique NFT use-cases in both the physical and virtual world. With our blockchain-based payments infrastructure and NFT marketplace partnership integrations, for the first time creators are now empowered to sell their work directly to their fans while keeping most of the monetary value at nominal transaction fee cost.
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