NON-FUNGIBLE TOKEN
Non-fungible tokens, or NFTs, are digital assets that are provably unique. They can be used to represent both tangible and intangible items.
Our NFTs is more than you think
Typically, non-fungible tokens are not divisible, in the same way, that you cannot send someone part of a concert ticket; part of a concert ticket wouldn’t be worth anything on its own and would not be redeemable. However, BAM has experimented with the concept of fractionalized NFTs and could be seen as securities.
The unique information of a non-fungible token, like a CryptoKitty, is stored in its smart contract and immutably recorded on BAM’s proprietary blockchain.
The trading volume for non-fungible tokens hit $10.67 billion in Q3 2021, an increase of 700% from the previous quarter.
What makes our NFTs so special?
Our non-fungible tokens have unique attributes; they are usually linked to a specific asset. They can be used to prove the ownership of digital items like game skins right through to the ownership of physical assets.
Other tokens are fungible, in the same way as coins or banknotes. Fungible tokens are identical, they have the same attributes and value when exchanged.
How are BAM NFTs used?
How do BAM NFTs work?
How do NFTs in the market work?
Our non-fungible tokens can be used for digital assets that need to be differentiated from each other in order to prove their value, or scarcity. They can represent everything from virtual land parcels to artworks, to ownership licenses.
Our non-fungible tokens and their smart contracts allow for detailed attributes to be added, like the identity of the owner, rich metadata, or secure file links.
The potent of our non-fungible tokens to immutably prove digital ownership is an important progression for an increasingly digital world.
Everyone could see our proprietary blockchain’s promise of trustless security applied to the ownership or exchange of almost any asset.
Tokens like Bitcoin and Ethereum-based ERC-20 tokens are fungible. Ethereum’s non-fungible token standard, as used by platforms such as CryptoKitties and Decentraland, is ERC-721.rom interviews, product reviews, human interest pieces, and even lists.
How to buy BAM NFTs tokens
STEP ONE
Head over to the BAM NFT website and click the 'Connect' button on the top right. From here, select the wallet you want to connect to the platform and log in.
You'll need to accept the terms of service before you can log in.
STEP TWO
Once logged in, search the platform for the NFT you're looking to purchase.
Once you've selected the NFT you wish to purchase, click the 'Buy now' button.
STEP THREE
A confirmation window will pop up, asking you to double-check the details of the order.
If you're happy to continue, click the 'Proceed to payment' button to move ahead to the final step.
STEP FOUR
Your wallet click will then pop up asking you to confirm the transaction. Again, if you're happy to continue, simply confirm the transaction and it will be processed.
Once it has confirmed, your NFT will be deposited directly to your address and will be yours to keep.