As a leading NFT Token Development Company, Brugu Software Solutions provides end-to-end non-fungible token development services and solutions globally, The team of dedicated blockchain developers is specialized in creating the standard tokens with a set of protocols and also provides a complete set of solutions for creating secure and scalable dapps.
https://brugu.io/NFT-Token-Development
2. FUNGIBLE TOKENS NON-FUNGIBLE TOKENS
Fungible Tokens are a kind of
cryptographic tokens that are similar in
feature and functionality.
Any two fungible tokens can serve the
common purpose even when divided or
exchanged with other fungible tokens of
the same type.
EXAMPLE: DOLLAR, BITCOIN, ETHEREUM, ETC.
Non-Fungible Tokens are cryptographic
tokens, unique and not so similar to any other
non-fungible tokens.
Every NFT represents a different kind of
feature and functionality and is not
comparable to other NFT's.
NFT's are the tokens reflecting digital art,
house/ property, precious metals, and gems
like diamonds.
EXAMPLE: CRYPTOKITTIES, ART, HOUSE, PROPERTY.
3. NFTTokenDevelopment
NFT token development company, Brugu Software
Solutions has severed a variety of crypto businesses
with industry-leading token development solutions on
various blockchain platforms like Ethereum, EOS, Tron,
Binance Smart Chain, and more
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4. NFT token development services are built around usability. Our NFT token
developers work closely with the NFT token development team to properly
create the token with secure functionality. Having years of industry experience
creating tokens, our token development services can offer your investors and
users the best investment experience. Whether you need a create a non-
fungible token from scratch, talk to us today.
Non-FungibleTokenDevelopmentServices
NFT
5. Unique Features of NFT
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NFT
Private keys are owned by the actual
creators of NFTs, which are secured
with two-way encryption. The
access to transfer or trade these
NFTs is limited to the real originators
of these tokens.
Ownership:
The data is stored immutable, i.e., it
is impossible to delete or alter the
data once recorded into the
decentralized ledger. We can say the
data is highly secured and free from
the risks of data theft.
Indestructible:
These tokens can be traced on a
real-time basis to avoid even a single
point of failure.
Traceability:
7. NFTStandards
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ERC 721 gives a unique address that
will identify the owner of the asset
and it also provides some
functionalities like transferring the
tokens from one account to another
account, Due to the smart contract
implement it will be easier to keep
track on the created tokens on
Ethereum.
ERC721Token
Standard:
ERC - 1155 will improve the standards
beyond ERC 721, It represents the
multiple classes of assets and also it
will reduce the multiple smart
contracts and transaction time and
also it will minimize to save the
transaction fee. ERC - 1155 will have
the ability to change the landscape of
DApps within the blockchain network.
ERC-1155Token
Standard:
It is an extended version of the ERC
721 standard token, it was also
known as Composable it refers that
the assets within the token will be
composed or organized into a
complex position and also used to
trade as a single transfer of
ownership, It gives valuable addition
to the existing standards.
ERC998Token
Standard:
8. FeaturesofNon-FungibleTokenDevelopment
Non-Fungible Token development is proving new opportunities to the
investors
Non-Fungible Tokens can be used to certify identification and property
ownership.
It can be used to uniquely express owners or partners of real estate as
well as land on the immutable blockchain network.
Movie Tickets, Plane Tickets, and some of the tickets are unique and
they can be expressed on the blockchain network with Non-Fungible
Token, It will help to reduce fraud activities like exchange tickets with
someone else.
NFTs are also used in KYC procedures for academic degrees and
other educational certificates, medical data, software licenses, and
more.