3. Pinpoint NFT

3.1 Non-Fungible Tokens

NFT means blockchain-based tokens complying with the ERC-721 standard or another similar “non-fungible” token standard. NFTs may include some computer code and data, Collectibles, game items, digital art, event tickets, domain names or ownership records for physical non-digital assets.

NFTs are intended to be “non-fungible” tokens representing a unique Collectible; however, certain NFTs may be fungible with one another (i.e. all such NFTs are associated with the same Collectible Metadata) while being non-fungible with other NFTs (i.e. such NFTs are associated with different Collectible Metadata).

3.2 Provenance and Historical Audit

Blockchains track and monitor all transactions after their first block to the current block, along with any other transfer and/or exchange history of an NFT asset. Blockchains do this with unparalleled data encryption. It ensures a strong tracking of ownership and a complete history of NFT asset purchases. There is no mystery as to the origin or history of the NFT, because everything is registered and completely transparent.

3.3 Transferability and Liquidity

With the nature of Blockchain, NFTs are capable of capturing strong data assurance, ownership protection, counterfeit immunity and evidence-based uniqueness on any open markets worldwide. It is no doubt removed many risk and opening up locked and illiquid assets.