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A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.
NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.
An NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. The NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose. NFTs (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets
BLOX is an ERC721 token that is the smallest building block of Tahoma City. Though the BLOX token currently has no supply cap, there will be 721 BLOX token being minted by Cityblox each year.
What is it good for?
We know for a fact that NFTs are going to be way bigger than just art in the future. But even today, with creation of meaningful art that brings people together, we are sure that buying, holding and trading BLOX will achieve much more than just expressing and appreciating beautiful digital art online.
These tokens can be held as Art Collectible, Charity Effort, or Socio-Political Statement by individuals, corporations or companies.