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 users have the ability to store different kind of collectibles, art & NFTs in one place, within the app. Starting from pets to badges or digital cards. There will be a little surprise for the investors that participated in the XPocket fundraising.
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.