Non-Fungible Tokens

What Are NFTs?

Economically speaking, a fungible asset is something with units that can be readily interchanged - like money.

However, if something is non-fungible, this is impossible - it means it has unique properties so it can't be interchanged with something else.

What Are NFTs?

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded on the blockchain, and is used to certify authenticity and ownership. Think of them as "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but have no tangible form of their own.

NFTs can be created to represent virtually any asset, whether physical, digital or metaphysical. However, the most common NFT assets are digital art, digital collectible items, pieces of content like video or audio, and event tickets.

Simply put, NFTs are a type of digital asset that represents ownership of a unique item or piece of content on the blockchain. NFTs provide players with ownership and control over their digital assets, as well as a new level of scarcity and value.

At The Fallen, we believe in the power of NFTs - they will enhance the gaming experience and provide new opportunities for rewards and ownership. We have introduced NFTs to our platform, allowing players to own and trade unique items associated with our project.