Frequently Asked Questions
A Non-Fungible Token (NFT) is a unique digital asset on the blockchain that represents real-world objects such as art, music, in-game items, or videos. NFTs can be bought and sold online, often using cryptocurrencies, and are typically built on the same underlying software as many cryptocurrencies.
Cryptocurrencies like Bitcoin or Ethereum are fungible, meaning they are interchangeable and can be exchanged for one another. NFTs, on the other hand, are unique digital tokens that cannot be replaced or represented by an equivalent.
Non-Fungible License Tokens (NFLTs) offer improved license management and allow startups and companies to establish strong communities by incentivizing supporters through the completion of microtasks. NFLTs can be traded on any standard NFT marketplace.
Example Calculation for our campaign Modular.Farm:
Consider that you hold the 5% commission area manager license for San Francisco, which has a population of 875,000. In a worst-case scenario with a conversion rate of only 0.1% in the area over the next three years and an average shopping cart value of $15,000, you would earn $656,250, along with additional revenue from sales made in nearby areas and marketplace commissions.
No, we do not accept projects that are not ready to be published. If your project is not yet ready, please contact us at a later time.
However, you are allowed to include confidential information within your NFLTs, which will only be visible to your NFLT buyers.