NFTs
An NFT (Non-fungible token) is a one-of-a-kind token that acts as the certificate of authenticity for a digital asset. NFTs can be used to create verifiably scarce art, music, apps, gaming assets, you name it.
Where can I learn more about NFTs?
Take a deep dive into these comprehensive guides:
Everything you need to know about Non-Fungible Tokens: NFT Bible
A Guide to Non-Fungible Tokens: OpenSea
A Nested NFT is an NFT that acts as a container for digital assets and other NFTs. NFTs minted on the Charged Particles protocol, and other NFT platforms can hold NFTs and blockchain-based assets. So one NFT can serve as a portfolio that holds other NFTs; in the same way that a folder can hold pieces of paper. A Nested NFT can contain ERC-20, ERC-1155, and ERC-721 tokens. The NFTs are time locked and programmable; allowing interest to be directed into other wallets; and royalties and annuities directed towards creator wallets.
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As an artist why should I put tokens in my NFT?
There are many reasons to consider nesting tokens inside an NFT and there are an incredible number of use-cases being explored by creatives in our community.
- An NFT with a constantly rising price floor (via the interest being earned inside)
- Build an NFT collection that holds all of your favorite assets inside a single NFT
- Present collaborative NFT projects in brand new ways by nesting everyone’s work inside
- Release content within an NFT (such as music, stories, upgrades, bonus content, etc) gradually over time by using our time-lock functionality
- Create a Russian-doll NFT with layers that go deeper and deeper
- Use your NFT as a mailbox for further engagement with collectors
- Use your NFT as a savings account that houses all your tokens - speculative, interest-bearing, social tokens, other NFTs
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Are the tokens in my NFT safe? How are they kept safe?
The Charged Particles protocol enables your NFT to have its own smart wallet. This means that, just like any other web3 wallet, your tokens are stored safely inside and only the owner of the NFT can ‘discharge’ the interest earned or ‘release’ all of the tokens.
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If I sell my NFT, do other people get the tokens inside?
If an individual purchases your NFT then they receive all of the assets inside; however Charged Particles NFTs are also programmable so this doesn’t have to be the case! An amazing component of the Charged Particles protocol is the ability to program NFTs in a way not possible on other platforms. With Charged Particles, NFTs are programmable; so creator royalties and annuities can be programmed into the contract! In addition to that, proceeds can be split between various wallets, including other parties and even charities and social causes!
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Can other people add or take tokens away from my NFT?
Other people can add tokens to your NFT just like any wallet. However, only the owner of the NFT can discharge the interest or take the tokens out.
