NFT Research- 23/09/2021

NFT RESEARCH For Causevest Community

NFTs are tokens that we can use to represent ownership of unique items. NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

Non-fungible items are not interchangeable for other items because they have unique properties while Fungible items can be exchanged because their value defines them rather than their unique properties.

NFTs give the ability to assign or claim ownership of any unique piece of digital data, trackable by using Ethereum’s blockchain as a public ledger. An NFT is minted from digital objects as a representation of digital or non-digital assets. For example, an NFT could represent:

Digital Art:





Real World Items:

Deeds to a car

Tickets to a real world event

Tokenized invoices

Legal documents




  • Each token minted has a unique identifier that is directly linked to one Ethereum address.
  • They’re not directly interchangeable with other tokens 1:1. For example 1 ETH is exactly the same as another ETH. This isn’t the case with NFTs.
  • Each token has an owner and this information is easily verifiable.
  • They live on Ethereum and can be bought and sold on any Ethereum-based NFT market.


  1. The biggest use of NFTs today is in the digital content realm. NFTs power a new creator economy where creators don’t hand ownership of their content over to the platforms they use to publicise it. Ownership is baked into the content itself.

  2. NFTs have seen a lot of interest from game developers. NFTs can provide records of ownership for in-game items, fuel in-game economies, and bring a host of benefits to the players.

  3. NFT-backed loans: Projects are beginning to explore using NFTs as collateral.

  4. NFT creators can also create “shares” for their NFT. This gives investors and fans the opportunity to own a part of an NFT without having to buy the whole thing.

Source: Non-fungible tokens (NFT) |


Similar to NFTs being used in the Artwork world, they can be used in the clothing industry to prove the authenticity of clothing brands/designers. In addition, the clothing and fashion brands can benefit from NFT development by building an NFT marketplace for their clothes and accessories. This allows them to generate unlimited revenue from the NFTs in a secure and robust environment. So it’s a win-win situation.



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