The full name is Non-Fungible Token (NFT), which is a digital asset registered on the blockchain and can be limited. "Non-Fungible" means that each NFT is unique and indivisible.
Because of its characteristics, NFT can be used as "proof of ownership" of the creator's digital content. This means that the digital content can be viewed anywhere by anyone, but only the one containing the NFT is officially authenticated by the creator. And once this proof of ownership is transferred to someone else, you no longer own it.
Every transaction of an NFT is recorded in an open, decentralized, and jointly maintained blockchain database, and the owner of the NFT is recorded, and this ownership cannot be tampered with or lost. You can know who the holder of the NFT is and his past transaction history. All of this gives NFTs more credibility. NFTs on OurSong is more interactive, for example, the creator can use it to provide exclusive audio and video content for collectors, or invite collectors into an exclusive CLUB, so it is called NFT.
The number of NFT releases is determined by the creator. A NFT contains the following information and content.
Main Content: Digital content packaged as NFT.
Visual Art (Cover): Each NFT has an artistic visual representation. This visual art is designed by the publisher and uploaded to OurSong.
Blockchain Addresses: The NFT you hold is an NFT published on the blockchain, so you can see its contract position and ID on the chain.
Interaction (part): If your NFT has a bound Club, you can chat and interact with other people in real-time.
More content (part): Creators can use it to provide collector-specific audio and video content.
Marketplace/Record: You can buy and sell here, and know its past trading history.
Collector List: You can see who owns this NFT