COCOBANK & COCOFX
Since Bitcoin was created, the concept of digital scarcity has been introduced, which requires no need
for trust. With the advent of blockchain technology, programmable digital scarcity has become possible, which is used today to connect the digital world with the real world.
Tokens can be classified into two types: replaceable (FT) and non-replaceable (NFT). Alternative tokens (FTs) work well in the cryptocurrency market, and this alternative possibility is also an essential feature of all tokens. Interchangeable assets such as Bitcoin, Ethereum, and Cortex are all alternative tokens. An irreplaceable token (NFT) is a type of token that is distributed on the blockchain, meaning that each token has its own properties and has different values. Alternative and non-replaceable tokens are fundamentally different.
• Game items (rare skins or weapons)
• Cryptographic assets and addresses
• Actual assets (ownership)
NFT can tokenize almost anything. To date, the typical use cases for NFTs have been:
• Tokenized Luxury
• Digital art and music