Introduction to  Non-Fungible Token

The non-fungible token support is a contract on V Systems blockchain, which is used to create non-fungible tokens. Each non fungible token represents something unique. These tokens represent non-divisible things: like a painting, a house or a unique item in a game. Like the unique items they represent, non-fungible tokens are themselves unique and non-divisible.

Implementation

The most distinguishing feature of the non-fungible contract is that max and unit of a non-fungible token is always one. It represents only one unique and non-divisible thing. When a non-fungible token contract is initialized, its constant is set to zero, because it has not yet been issued and therefore does not yet exist. When a non-fungible token has been issued it begins to exist, and its supply is permanently fixed to 1. This ensures the stability and security of every operation you do in the contract, as well as ensuring that the token is provably unique.

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Where To Use?

Non-fungible tokens are used to create verifiably unique digital items, and prove their ownership. Non-fungible tokens allow unique assets to be used seamlessly across multiple games or applications.

Use Case 1

Games

If a game player owns unique items in a game, definitive proof of ownership and transferability outside the game will increase the value of their items. The game's creator can use non-fungible tokens on a public blockchain to represent items owned by users in their game to increase the value of items in their ecosystem. It is easy to prove ownership of a non-fungible token on a public blockchain, giving players additional ownership security. In this way, exchange of items across different games would also be possible.

Use Case 2

Art and Collectibles

If a game player owns unique items in a game, definitive proof of ownership and transferability outside the game will increase the value of their items. The game's creator can use non-fungible tokens on a public blockchain to represent items owned by users in their game to increase the value of items in their ecosystem. It is easy to prove ownership of a non-fungible token on a public blockchain, giving players additional ownership security. In this way, exchange of items across different games would also be possible.

Use Case 3

Coupons

A company may wish to give away coupons that users are allowed to transfer between each other, on unique terms. Non-fungible tokens allow the company to issue as many unique coupons as they'd like to.

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