Blockchain

Blockchain is a decentralized, digital ledger that can be shared among many different parties. It allows for the creation of smart contracts and tokens on the blockchain. A NFT (Non-Fungible Token) is an item in a game or virtual world that is unique and cannot be traded or exchanged with other items of the same type. In other words, they are one-of-a-kind and cannot be substituted by another token or item. NFTs are used in games like CryptoKitties, which lets users trade virtual cats for money via blockchain technology. While there are no current legal frameworks to regulate these new types of assets, there are some possible uses cases where they could be applied: