What is Mintable?
Inkgeeks has partnered with Mintable to sell your NFTs. Mintable is a platform built on top of Ethereum that allows users to create, distribute, buy, sell, and trade digital files on the blockchain through Non-Fungible Tokens (NFTs).
Create your items on the Ethereum blockchain!
The Ethereum blockchain allows developers to employ the use of smart contracts. Smart contracts are autonomous programs that feature open source code enabling users (Ethereum wallets) to perform a desired action. Mintable is a collection of smart contracts that operate together, allowing everyday users to create digital items on the blockchain without any prior knowledge of coding or programming.
What are NFTs (digital items)?
NFTs are non-fungible tokens (digital items) that live on the blockchain
What exactly is a Non-Fungible Token or NFT?
A non-fungible token (NFT) is a unique, individual token existing on a blockchain such as Ethereum. Unlike cryptocurrencies like bitcoin, each NFT token contains unique data meaning non-fungible tokens are not interchangeable with each other. This non-fungible nature of the tokens means their use cases differ greatly from their fungible counterparts.
A fungible token can be exchanged for the same type of token equally without any difference. A good example is a dollar -
If you and I both have a dollar — we can swap dollars and it doesn’t matter, neither of us lose out they are equal. Whereas, with non-fungible tokens they are both unique, meaning if we both have an NFT, mine could be a baseball card, and yours could be your Birth Certificate — obviously we cannot exchange these two equally. Therefore making our tokens non-fungible.
Non-fungible tokens are used to create verifiable digital scarcity. NFTs are used in several specific applications that require unique digital items.