Our concept is to backed any utilityNFT® of a product or service that you receive as a bonus in the real world
NFTs are transferable directly and globally, like any other asset on decentralized, immutable, and uncensorable networks.
Ostensibly, NFT’s are mostly known for art and entertainment. Reputable British auction house Christie’s brokered the sale of a $69 million dollars tokenized artwork, cementing the role of non-fungible tokens both in popular culture and amongst traditional art collectors.
At Elrond, we believe that NFTs will be a game-changer. Not only for the art and entertainment verticals but for the entire internet and the very notions of property and ownership. This is why we have embedded non-fungible tokens directly into the Elrond protocol, enabling fast and inexpensive transfers, true ownership, royalties, and easy integration with the Elrond ecosystem.
“NFTs will change everything. While most of the business sectors are still trying to wrap their hands around their implications, the art world is already taking the lead in pioneering innovative use-cases involving non-fungible tokens.” said Beniamin Mincu, Elrond CEO.