NFT and ART

Cryptocurrencies can be divided into Fungible and Non-Fungible: 


FT (Fungible Token), homogenized tokens, with ERC20 as the basic standard, can be replaced and split indefinitely.

NFT (Non-fungible tokens), non-homogenized tokens, with ERC-721 as the basic standard, each token is unique and non-split.


For example, Bitcoin, Ethereum these tokens are Fungible tokens (FTs), so they are interchangeable with each other, that is, one of your Bitcoins and one of my Bitcoins are essentially the same, with the same attributes and prices. Non-interchangeable tokens, or Non- Fungible tokens (NFTs), are unique, like works of art, and each piece is different. They cannot be replaced with each other, so they are called non-interchangeable tokens or non- Fungible tokens.

Take art collections as an example, we can store the art's certification certificate, purchase link, patent information, copyright information, etc. on the blockchain, with an NFT mark follow-up flow and transaction information, to show their right to use the work, but also play a security effect.


ByteART uniquely generates a Non-Fungible Token (NFT) for every Artwork published. This token is what provides proof of ownership and authenticity of your artwork. We also use an Ethereum open standard (ERC-721), which means that any artwork is immediately available on 3rd party database and and marketplaces, giving your artwork additional visibility.