Nifties
101
By Mick de Graaf
Mick de Graaf
Twitter: @MickdeG010
Telegram: @pablocyrptobar010
Cofounded CryptoPepes.io and PepChain.io
Working as a contractor for BlockLab
Fungible Tokens
Non Fungible Tokens
Some examples
Interactive
Ask any question you like
(NFT, Token and Blockchain related)
Fungible Tokens
Fungible
replaceable by another identical item. mutually interchangeable.
1 REP == 1 REP
Divisable
Can be cut up into little pieces
(0.5 REP + 0.1 REP + 0.4 REP) == 1 REP
Great For
Value Transfers
Example: DAI
Utility Tokens
Example: REP
Securities
Example: shares in a company
But....
MOST IN LIFE IS NOT FUNGIBLE!
!=
+
!=
Unique Items
Have a unique history
Non Fungible Tokens
Unique
Have History
Are Not Divisible
Can Not Be Interchanged
What do they Enable?
Scarcity
Provenance
Representation of "real" world assets
Other cool stuff
Usecases
Housing
Art
Gaming
Ticketing
Environment
Domain Names
Anything non fungible
We Need a Standard!
Or everything goes to shit
ERC721
Like ERC20
But Different
Made Popular
By CryptoKitties
Some cool examples
CryptoKitties
Terra 0
Decentraland
And Of Course....
CryptoPepes!