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 what is non-fungible token NFT 

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In easy words if I said it non-fungible tokens are digital collectibles They are special   cryptographic tokens And  these tokens represent something uniqueThere are a few properties to non-fungible token You cannot print NFT is on demand  there are some other  properties as well let me tell you And they cannot be replicated And  they have the same ownership rights as And guarantees   like Bitcoin However digital collectibles can be Personalized and unique  And the last but the most important one is that It cannot be counterfeited so that was a simple definition of non-fungible tokens

Describe one popular project that uses NFT 

Now I will try to explain one of the project in detail which uses and  NFT  And for this I choose RARIBLE Which is the great  great project and we will get into the detail about the project further now

Rarible  

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Rarible   aims to be the first decentralize And community owned  Marketplace for nft assets ok so the ultimate goal of this project is that they want to become Decentralized autonomic organazation Where platform users can  decide  now there are only two types of NFT on the Rarible  marketplace and  they are  Blockchain-based  art  And Crypto domains The way you look at this art is that the licensing of the art  will be e done with the with NFT Content creators can actually add Unlockable Content collectibles that is only become visible Once you transfer ownership

This can include high resolution videos Which showcase the creation of How the artwork was made And also include secret messages Another neet  feature is Is it creators  can select A percentage as  a  royalty For their secondary cells

Let me explain it with example

  let's suppose I have created art I might put off that art For dai coin And I will set my loyalty to 30%  so now Now if I sell my digital Masterpiece art for  1 eth And the same buyer goes on and  sell it for  100 eth on Rarible  You guessed it right I will get  20% of that sale as Is the original content creators So now you understand  that I earn 20  percent  from my royalty  which is  20 eth That was the easiest way to explain how the percentage feature work on  Rarible 

Rarible  Also support in game items

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There is a game called neon district  if you take the example of that game every gear in that game is a unique nft Now if you are a game lover which I am not you can buy so many things for that game like inside that game that thing will not be physical it will be worthwhile so you can buy that on raible  so that is a very cool example of  in game items

Rarible  Marketplace

This platform is completely non-custodial it means that people working in the platform cannot Siphon off your NFT Even if they want to take can't do it 

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And also the platform allow you to connect ] Formatic ] [ wallet connect ] [my ether wallet] [coinbase wallet ] It means that if you want to use the Marketplace of this platform you will have to use one of  these wallets
It also support  erc 721 and erc 1155 tokens

RARI

Let's talk about the token so it is a governance token So this token gives the power to the rarible  the community to Influence decisions And incentivise certain  actions in the rarible  Marketplace But there is something that you should know these tokens are currently limited to only two things the token holders can do Firstly they can do a community voting And the second thing that that can do is Content curation so it means that is when the community decides  which  nft  to feature and showcase Now you can see the point  those things get more attraction which are sold for showcases on the top so there are more chances of those things getting  sold fast

Rarible [ RARI ] market

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Current market rank

 Volume $2,940,128

 Price $19.42

Market Cap  $70,008,894

Circulating Supply  3,603,468 RARI

Token volatility  report

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After looking at the graph I feel like that this coin is going up and most of the time this coin is in uptrend and when it is not in uptrend it's quite stable so I feel like that many people are accepting this platform and the idea and because nowadays the nft the  is  in Trend and many people are joining it so maybe it will be a really  good token for investment

The future of this platform RARIBLE 

I believe that many people are taking interest in platforms  e like this and I feel like there is a really good future opportunities and many people will come and invest and also join platforms like this so there is a really good future potential in this project specifically  if I tell you I feel like there is a huge potential in this project

 if you look at the internet everything which is digital can be tokenize and sold  as a NFT it can be a video  music  some photograph anything it means that soon  there will be more projects like this in the future

 by looking at the rari  token it has been quite stable since it has started in it has always been in the uptrend so it makes me feel like many other people will invest in this token really soon

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