Hello Everyone, hope we all had good day. Thanks to @levycore for these great lecture. Before I start I would like to define these terms

Token &
Fungible

TOKEN

A token is anything visible that can serve and represent facts, quality etc.
Example, the company ID card shows that the company employed you.
Now in the cryptoworld a token can represent something in the system, it could be value, voting right etc.
A token is not used for one particular role, it can also be used to fufill many things as well.

FUNGIBLE

It can be something such as money, goods, or assets that one part may be replaced by another equal part.

Now having known these ..let me discuss briefly about NFTs

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WHAT IS NFTs

Which means non fungible tokens can be defined as when something (assets) is unique and the value can not be replaced or changed with another asset or item.
This means when an item or art is tagged NFTs you don't see it anywhere apart from the person who has access to it. If you own an NFTs that is ownership for life.

FUTURE OF NFTs

Digital content:
It grants the artists access to sell directly to their audience and also permits the people to support their favorite artists.

Physical items:
NFTs can probably be used to own physical properties in the future like a car.it can also be used as a collateral or for verification purposes.

Gaming:
In the gaming world, the players purchased are stored directly to the game server. Now if there be a reason the game shuts down. You see your assets are totally gone. But when NFTs is been introduced, the players now have full ownership as they can even sell for real money or even still use it in different games.

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KNOWN ORIGIN

known origin is a platform where artists can present their digital artwork and can also sell.
However nowadays it is difficult to identify the authenticity and the owners of these art. But through known origin we can identify the authentic owner and have peace of mind when purchasing these items.
The platform uses Ethereum which allows the artists to tokenize their work and drop them on the website.
If a piece is been bought using ETH now the buyers address is received and recorded here by allowing new authors to be recorded on the block chain.
The platform host over thousands of artists, with over 17,000 pieces of art sold since inception in 2018.
The website was developed by BlockRocket team.

HOW KNOWNORIGIN WORKS

Is a platform where artist display and sell their artwork with a secured open blockchain solution.
As an artist to be on this platform all you need do is

• Generate a profile

• Create a digital artwork
  The artists creates a digital artwork that can now be tokenise with KNOWNORIGIN. These files are in IPFS ; distributed storage solution then they are awarded unique identity so it can be tracked in the system.

• Uploading artwork

• Selling of digital artwork
  For the primary sales
  85% is awarded to the artist
  15% is awarded to commission fee
  For secondary sales
  87% awarded to the seller
  10% awarded to the artist
  3% awarded to knownorigin