NFT stands for non-fungible token. A unique digital identifier or contract that represents ownership of something on the Blockchain. Fungible means exchangeable one for one. So non-fungible in this context means unique.
NFTs consistently prove to be profitable as an investment option. They create tokenized asset value, offer more liquidity for investors, and have limitless potential in development and growth.
NFTs are not the same as cryptocurrency. An NFT uses cryptocurrency to conduct the transaction. It uses the same blockchain technology that cryptocurrency uses, but the asset is set up differently. Whereas a cryptocurrency coin can be traded or exchanged equivalently, the NFT cannot.
Metagolden stores your art in our virtual vault so that you can access it at any time with your personalized QR key via smart phone. The QR key lives in a lucite cube frame that can be displayed in your home or office. * If you decide to sell your digital art you will need a crypto wallet. Crypto wallets allow you to sell or purchase digital art on various NFT marketplaces (virtual galleries) with crypto currency.
A digital wallet stores cryptocurrencies and NFTs and allows you to transact digitally with other users or markets.