Non-Fungible Tokens or Nifties are collectible digital assets that exist on a blockchain. Each token has unique specifications that makes it one-of-a-kind. An NFT can be owned by one user only, and they cannot be replicated or forged. On Uhive, an NFT token can be applied to every single space!
Since Uhive’s big bang, NFTs emerged throughout Uhive’s social Universe in the form of spaces! Paid Spaces on Uhive can be the most valuable NFTs; they are unique and they solely belong to the account holder. They are basically virtual real estate, that you’ll be able to buy or sell. A Space’s value can be determined by their location in Uhive’s universe, levels of engagement, amount of content, and more.
In order to truly own your NFT, it contains a unique token address specific to your space’s location. Once the space’s NFT token is minted, the owner of the space can request to transfer it to their own blockchain wallet for safe keeping, or sell it by transferring it to another user’s wallet. Recipients of the NFT will be able to claim the space by transferring the token to their own wallet address