What are NFTs?
Crypto collectibles are non-fungible digital assets (NFTs) which are mostly either unique or limited in quantity. The ownership and any transfer of ownership is recorded and managed publicly using a blockchain technology. Usually, crypto collectibles are represented as real-life objects such as pets or avatars. (Famous example – CryptoKitties) Some crypto collectibles are computer generated works of art.
What does ''fungible'' mean?
Fungible applies to things that can be easily replaced by another of equal value. For example, you can trade a twenty dollar bill for a ten and two fives.
Non-Fungible items, however, can be classed as unique and special – they’re not easily replaced. For example, we live in a non-fungible world.
XPocket app users have the ability to store rare collectibles (NFTs) within the wallet, as well as to buy & sell different kinds of NFTs on our Cross-Chain NFT Marketplace, using the browser extension built inside the app.
The team will create the limited edition of XPocket collectibles which will be sold on the open market, all revenue from the sales will be used to buy and burn POCKET.