Non-fungible token (NFT) has recently become a hot topic. It is not difficult to find information about what it is as well as how it works on the Internet; however, today we will learn more interesting and surprising information about NFT through an interview with Grantham – CEO of GameSwapNetwork
What do you think about NFTs growth potential in the future?
In the future, I believe that everyone will get used to using non-fungible token. Using NFTs will gradually become more popular and create a revolution in cross-border transaction technology.
Who can use it: business, individual or both?
The answer is everyone. Companies can apply non-fungible token into transactions while individuals can use it as a way to promote their personal images as well as sell and buy everything they would like such as photos, videos, audio, and other types of digital files.
Who will use it first?
It will be targeted towards businesses, artists, celebrities, and funds.
Can I sell anything I want?
Of course. You can sell a photo you accidentally took with your phone or other assets like a painting, a piece of music, or an item that you own in a game like GameSwapNetwork (A NFT game)
How is its security? Should I use NFT if I would like to spend hundreds of thousands of dollars on buying a painting?
You can rest assured to spend hundreds of thousands of dollars on buying a painting with NFTs. Each NFT is unique; therefore, stealing it is impossible. Thieves will have to give up if they visit and find everything empty. In addition, NFT exists permanently, so you don’t need to worry once your paintings get old over time.
And don’t forget
GamesWapNetwork’s NFT token will release this May, stay tuned for great gifts as well as the ability to increase your wallet very quickly
Thank you Grantham for the above useful information!
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.