NFTs Simply Explained ✨

Kally
2 min readSep 19, 2021

What are NFTs?
"Non-fungible tokens, ” implies that it’s unique and can’t be rebuilt by anyone else. For example, a bitcoin is fungible — when you trade one bitcoin for another, you will end up with the same kind. Regardless, is non-fungible tokens. If you exchanged it, you’d have something completely different. Making them unique in each kind.

NFTs can be any sort of craft mostly in digital form like drawings, music, paintings, etc.

The Artist
Outstanding, This decision might change your life and perspectives. You might be curious about NFTs because it provides a way to sell your work to a newer audience. If you develop a promising digital idea, you can venture into the NFT avenue.

Furthermore, NFTs have an aspect that you can enable to pay you a fraction every time your NFT is sold or changes hands, this feature also helps promote your NFTs on popular marketplaces like Polkally.

The Buyer
One of the striking advantages of purchasing an NFT art is that it allows you to financially back artists you like, and that’s true with NFTs. Purchasing an NFT also gets you some significant usage rights, like being qualified to post the image online. Besides, there are bragging rights that you own the art, with a blockchain entry to support your claim.

A Collector
NFTs can work like any other essential asset, where you buy it and hold for the value to increase. You can then choose to sell it for a profit.

What is Polkally? 🌈

Polkally is a robust P2P auction platform for NFTs (non-fungible tokens) based on IPFS and several credible networks which makes it possible for anyone to trade art freely. The core value is providing a truly decentralized marketplace aimed at bridging technology and art enthusiasts together. Polkally is designed for NFT art trading.

To learn more visit Polkally NFT - https://www.polkally.com
Join the community on Telegram [EN] - https://t.me/polkally
Polkally on Medium - https://medium.com/@polkally
Polkally
Contact Email: contact@polkally.com

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Kally

World’s leading cross-chain & user-friendly NFT marketplace. Polkally is reinventing the way people interact with art.