What Is a Non-Fungible Token?
A non-fungible token “NFT” is a unit of data stored on a blockchain, when minted on the Pecu Novus Network it certifies that a digital asset is one-of-a-kind, each token represents one digital asset and it is not interchangeable for another token. NFTs can be used to represent items such as original versions of photos, videos, audio, gaming skins and other types of digital files as well as a cross over between digital and physical assets. Although via other platforms there is access to an exact copy of the original file, however on the Pecu Novus Network a copy would be a reduce resolution one and the only party that would be able to release the original copy would be the current owner of the NFT. The data included within the NFT are tracked on the backbone of the Pecu Novus Network and provides the owner with proof of ownership of that digital asset.