Non-Fungible Tokens (NFTs) are a unique type of crypto asset where each token is distinct, unlike fungible assets like Bitcoin or dollar bills, which hold the same value. NFTs are used to verify ownership of digital items like art, music, and virtual real estate, making each item one-of-a-kind.

NFTs act as digital certificates of authenticity for various digital items. They’re being used to sell everything from:

“Non-fungible” means that each item is unique and cannot be directly exchanged for another of equal value. While one Bitcoin is worth the same as any other, an NFT is one-of-a-kind, like a concert ticket, which represents a specific seat on a specific date.

NFTs are typically bought and sold on specialized marketplaces like Zora, Rarible, and Opensea. For game and sports collectibles, platforms like Dapper Labs’ NBA Top Shot and Cryptokitties are popular. Virtual real estate and in-game assets are sold on platforms like Decentraland and The Sandbox.

Your Infinex account can currently receive all NFTs, and offers the depositing and withdrawal of a select list of currently supported NFTs. Supported NFTs will be displayed in the Infinex app UI. A full list of supported assets (including NFTs) can be found here.

The Patron NFT are commemorative, limited-edition, collectible digital memorabilia available to early Infinex users and are a way for Infinex users to signal early support and use of the Infinex protocol. The Patron NFT, grants holders (Patrons) voting power in matters of governance, including XIPs, IRs, and future council elections. Patrons will also shape the focus and priorities for the protocol more broadly.