NFT stands for non-fungible token. It is said to be non-fungible because it is an integer, it cannot be divided. Thanks to this, a file can be attached to each NFT. On the other hand, the NFT is unique and issued in limited quantities: it is the artist who decides on the number of copies (one or more).
An NFT can be considered as a box in which an artist puts the file of his choice. As a user you can become the owner of this box, and thus the owner of the file inside.
On Bolero, artists offer 4 types of NFT: songs (recordings), visuals (photos, gifs...), live pass (concerts, festivals...) and part of master (sale of a part of a master...)
To acquire an NFT, you have to follow the method defined by the artist:
- Direct purchase
- Auction sale
- Make an open offer