What is a Non-Fungible Token (NFT)?

What is a Non-Fungible Token (NFT)?

What is an NFT?

An NFT is a Non-Fungible Token, a unique digital "token" that many see as a certificate of authenticity, or a deed of proof confirming you own a digital object. NFTs are unique digital items such as artwork, collectibles, or game items.

Fungible means ‘replaceable by another identical item’. Non-fungible means irreplaceable or unique. By having unique identifiers for digital objects, ownership of a specific digital asset can be verified through blockchain ownership records.

At Vatom we created our very own Smart NFT that can do so much more.

What are "Vatoms" and "Smart NFTs"

Our mission at Vatom is to connect humanity through networked digital objects of value or “Vatoms.” Vatoms are Smart NFTs.

Vatom Smart NFTs are a new asset class: scarce interactive digital goods that can be collected, traded, combined, and redeemed for tangible material.

They move easily between users and are network-aware, providing a new communication platform that will change how we interact with each other and with our surrounding environment. Our Smart NFTs are the next step in the evolution of human engagement and will power the emerging digital goods economy.

  • Smart NFTs are dynamic digital objects that connect brands and customers, artists and fans, citizens and governments, friends, families, and global gamers.
  • They are smart digital goods that can move seamlessly and instantly between users and across devices.
  • Smart NFTs are the new standard for digital objects and have the ability to transform industries and become the foundation of the emerging digital goods economy.