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Everyone is talking about NFTs, as they should. NFTs are the talk of the cryptocurrency space; if you haven\u2019t heard about NFTs, what do you understand about the crypto space?\u00a0<\/span><\/p>\n <\/p>\n NFTs have gained traction recently and have seen use in blockchain gaming, the digital art space, and the digital collectibles space. However, not everyone understands them, because let\u2019s be honest. They are a little difficult to understand. NFTs are basically a new way for people to spend their money or an innovative way to make a fortune. Some crypto-enthusiasts believe that NFTs have already surpassed cryptocurrencies in terms of popularity.\u00a0<\/span><\/p>\n <\/p>\n Such is the buzz around NFTs that a digital artwork created by the artist Beeple auctioned for $69 million. Add to this the approval from the likes of Elon Musk and\u00a0<\/span><\/p>\n <\/p>\n Before discussing Polkamon, we must understand what NFTs are and how they are changing the digital ownership landscape. Let\u2019s get started.\u00a0<\/span><\/p>\n Contents<\/p>\n An NFTs, short for non-fungible tokens, are digital tokens based on the Ethereum blockchain. NFTs are unique assets that have their identifying information stored in smart contracts. The identifying information is what makes each NFT unique.\u00a0<\/span><\/p>\n <\/p>\n Because NFTs are non-fungible, one NFT cannot be exchanged with another. Non-fungible items are different from fungible items since the latter can be exchanged. Bitcoin is an example of a fungible asset because you can easily exchange one bitcoin for another bitcoin. Fiat currency is another example of a fungible asset, as you can exchange it. Fungible items are also divisible, allowing you to send a smaller amount of fungible assets.\u00a0<\/span><\/p>\n NFTs are the complete opposite; since they are unique, individuals cannot exchange them. They are also not divisible, so if you wanted to send part of an NFT to somebody, you cannot.\u00a0<\/span><\/p>\n As mentioned earlier, NFTs are almost exclusively based on the Ethereum blockchain using the ERC-721 token and the ERC-1155 token. Several blockchains like EOS and Tron have launched their token standards and are trying to get developers to build NFTs on their blockchains.\u00a0<\/span><\/p>\n Polkamon<\/span> are digital collectibles, each having a different level of scarcity. Every Polkamon is backed by a unique NFT and can be unpacked using $PMON tokens. The platform introduces 3D NFTs to the collectibles space. The collectibles can also be integrated into several blockchain-based products. Users can collect these rare and ultra-rare collectibles through Polkamon.\u00a0<\/span><\/p>\n A rich metadata set describes the properties of each Polkamon. Polkamon can also be integrated into Layer-2 applications, and users can also incorporate them into games or digital art.\u00a0<\/span><\/p>\n Each Polkamon has unique characteristics that set it apart from the other. Some of the characteristics are\u00a0<\/span><\/p>\n Polkamon is run by a team of three supremely talented software engineers. Leif Eric Leiser is the CEO and is an experienced full-stack developer and serial entrepreneur. Lennart Brandt is the CMO, and has quite a few years of experience in the crypto space, and has also founded several apps. Finn Hansen is an experienced frontend developer and an NFT collectibles enthusiast.\u00a0<\/span><\/p>\n Polkamon is built on three layers, creating a sustainable ecosystem. The base layer is an ownership layer, basically a decentralized ownership system. This layer is supported by ERC20 tokens, making trades more accessible and improving liquidity. The second layer sits on top of the base layer and enriches NFTs through visuals and metadata. The final layer is the application layer. This layer confirms ownership of tokens through metadata and proven ownership.\u00a0<\/span><\/p>\n Polkamon has several features that make it unique. Some of the features are\u00a0<\/span><\/p>\n Users need the $PMON token to access Polkamon. A total of 10 million $PMON will be supplied. The initial supply of the $PMON tokens is 1.8 million tokens, with each token priced at $0.40. The project is cross-chain and is also available on other blockchains like Polkadot and Ethereum.\u00a0<\/span><\/p>\n Polkamon<\/span> has created an ecosystem of interconnected apps and marketplaces. Users can explore collections or present their own collections using native mobile apps. Users can also browse information about Polkamons and the Polkamon ecosystem while buying $PMON using the ecosystem\u2019s apps. Users can keep their most valuable Polkamon with them at all times through the use of widgets.\u00a0<\/span><\/p>\n Polkamon can be utilized in several ways; as digital collectibles, Polkamon are backed by NFTs and can be integrated into different blockchains and different products. Some of the uses of Polkamon are\u00a0<\/span><\/p>\n\n
What Is An NFT?\u00a0<\/span><\/span><\/h2>\n
What Are The Characteristics That Make NFTs Unique?\u00a0<\/span><\/span><\/h2>\n
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Polkamon: The Next Generation Of NFTs<\/span><\/span><\/h2>\n
Characteristics Of Each Polkamon\u00a0<\/span><\/span><\/h2>\n
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The Team And the Technology Behind Polkamon\u00a0<\/span><\/span><\/h2>\n
What Are The Features Of Polkamon?\u00a0<\/span><\/span><\/h2>\n
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\n<\/span><\/li>\nThe $PMON Token\u00a0<\/span><\/span><\/h2>\n
The Ecosystem\u00a0<\/span><\/span><\/h2>\n
What Is The Utility Of Polkamon?<\/span><\/span><\/h2>\n