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Digital asset

A token represents a local currency or a value that will serve as counterpart for purchases or exchanges, in a well-defined context: festival, local group.

Unique digital asset or NFT

A unique digital asset (NFT for “non-fungible token”) will represent a real-world object such as a ticket, an object of value; its digital version makes it possible to trace its authenticity, its data or the history of its owners.

Traceability

Combined with data produced by corporate systems, an NFT will make it possible to trace an object or an event without its data being able to be doubted or falsified.

Finance

The proliferation of blockchain projects has led to the existence of thousands of “tokens” or digital assets. Their usefulness ranges from paying the fees of a blockchain to sharing the profits of a specific project; sometimes the usefulness of a specific token is hard to find.

Bali/IO networks does not provide financial advice.