What are NFTs?
NFTs are a type of digital asset that exists on a blockchain. They can be used to represent anything from virtual goods to real-world assets. NFTs are unique in that they are not controlled by any single entity. Instead, they are governed by the rules of the blockchain on which they reside. This makes them incredibly secure and reliable. cultiez is building its platform around NFTs, and we believe they will play a key role in the future of online interaction.
The cultiez NFT is a new type of non-fungible token. These are designed to be used for video games, collectibles, and other similar applications. However, cultiez tokens have certain features that make them different from regular ERC721 tokens. In this article, we will explore 3 things you need to know about cultiez NFTs.
The first thing is that cultiez tokens are different from regular ERC-20 and ERC-21 tokens in that they natively support trading between NFTs. This is a big deal because it creates an incentive for developers to work with cultiez at the development stage when there is no backend integration required (unlike most another blockchain platforms).
This feature also allows cultiez users to trade NFTs on decentralized exchanges like Forkdelta or EtherDelta without having to worry about any special steps beyond simply transferring their cultiez token.
It’s important to note that this functionality requires both parties of a transaction be using cultiez NFTs, but we feel these features will become standard over time as more games and applications begin supporting cultiez, and cultiez users grow accustomed to this new way of trading their NFTs.
In addition to being a trustless marketplace for cultiez tokens without fees, cultiez also has a few other features that make it stand out from the crowd:
- Tradable on decentralized exchanges like Forkdelta or EtherDelta via off-chain atomic swaps with no fee – Users can seamlessly create secondary markets by minting this into specific denominations allowing them to trade fractions of each one instead of whole numbers (unlike ERC20) – Ability to burn them in order increase liquidity.
Are they safe?
Cultiez is decentralized and trustless – cultiez has no fees for trading or buying cultiez tokens on the market itself, but users will need to pay gas in order to create secondary markets by minting into specific denominations.
In conclusion, all these things combined together allow us at cultiez to provide our community with an incentive-based economy that rewards cultiez holders, users, and traders.
