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  • FAQs 7oceans Project
  • The 7oceans Projekt
    • Who is behind 7oceans?
    • Who is the team behind 7oceans?
    • Why did the 7oceans project come about?
    • How does 7oceans want to draw attention to the problems of the world's oceans?
    • How can I make the project known?
    • How can I also help save the oceans?
    • Which roadmap do you have?
    • What have you implemented so far?
    • What ecosystem is in 7oceans?
    • How can I stay informed about the project?
  • Donate photos on the topic "Water/Sea/Environmental Protection"
    • Which photos can I donate?
    • What quality should the photos have?
    • Will every photo I submit be accepted?
    • How can I tell my friends that I donated a photo to encourage them to join?
    • What rights do I have to the donated photos?
    • What is a NFT?
    • How will my donated photo be converted into an NFT?
    • Who buys the donated photos?
    • When can I purchase the NFTs?
    • How can I purchase donated photos?
    • What image rights do I have when I purchase such an NFT?
  • The 7oceans coin
    • What is a NFT?
    • What is farming?
    • What is minting?
    • What is a coin?
    • What does a coin do?
    • What is the 7oceans coin for?
    • Where can I buy the 7oceans coin?
    • How much is the 7oceans coin worth?
    • Is there a price guarantee after the ICO?
    • What is the pre-sale?
    • How long does the pre-sale last?
    • Are there any discounts during the Pre-Sale?
    • On which blockchain will the 7oceans coins be issued?
    • What can I buy with the 7oceans coin?
    • How many 7oceans coins exist?
    • What is the roadmap of 7 Oceans?
    • Do you offer a white paper?
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  1. The 7oceans coin

What is a NFT?

NFT is the abbreviation for Non-Fungible Token: Non-Fungible Token.

A token is the digitalised form of an asset. The token therefore has a certain value or function. At the same time, real assets such as real estate or music rights can also be tokenised by transferring the associated rights and obligations to the token. This means that the ownership is digitally mapped and is thus tradable.

A token can be both fungible (exchangeable) and non-fungible (non-exchangeable). Basically, "non-fungible" in this sense only means that it is a unique digital asset that cannot be exchanged one-to-one for another.

The situation is different with bitcoins, for example: Bitcoins can be exchanged at will because they always have the same value. It is the same with cash: a ten-euro note has the same value as another ten-euro note.

Non-fungible tokens, on the other hand, can be compared to art objects such as paintings. These have an individual value. When you exchange them for each other, you usually don't get the same value that you pass on.

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Last updated 3 years ago