Republic Realm is a pioneer in NFT acquisition and production

What are NFTs?

Non-fungible tokens are a crypto token that represents specific assets on a blockchain. Their main attributes are:

Unique

Non-fungible tokens contain within their code information that describes the properties of each token that make them different from others.

 

A piece of digital art might have coded information about individual pixels, while tokenized in-game items might contain details that allow the game client to understand which item the player owns and what its attributes are.

Traceable

Each NFT has a record of transactions on-chain, from the moment it was created and every time it changed hands.

 

This means that each token can be verified as authentic and not counterfeit.

Rare

In order for non-fungible tokens to be attractive for buyers, they are verifiably scarce.

This is meant to make the assets more desirable and to keep supply from outpacing demand.

Indivisibility

NFTs cannot be transacted as fractions of a whole.

Just like how one cannot purchase half of a concert ticket or trading card, non-fungible tokens cannot be split into smaller denominations.

Programmable

Like all traditional digital assets and tokens built on smart contract blockchains, NFTs are fully programmable.

Community-Oriented

Anchored to an online community that supports the asset and its value system