MeongNFT explained.

picture courtesy of MeongToken

In the previous article, we have explained that NFTs are usually and mostly use for digital arts. So, what makes NFTs important and booming recently ? And why do MeongToken create MeongNFT ?

Here are some main characteristics of NFT.

• Universality : NFT’s blockchain is open and accessible to public. Everyone can read smart contract that deploys NFT. MeongToken wants to show all transaction in the most transparent way to MeongCommunity.
• Standardize : As we want our MeongCommunity to join us and participate in our campaign, we want to make sure all creator are respected for their creations. MeongNFT ensure that the ownership and transaction of our NFTs are safe for all of our creator.
• Immutability : Ownership is very important for creator. With NFT, user can not change their NFT to other NFTs. It is recorded permanently on the blockchain, unless the owner decided to transfer the NFT to other user.
• Liquidity : NFT has a high liquidity, therefore people can exchange them to cash or other currencies, easily.
• Uniqueness : NFT’s features are super unique, there will be only 1 NFT for 1 asset. This is because the metadata of NFT that is very unique, so it gives each NFT’s assets their own certificate of authenticity.

Welcome to MeongCommunity :)