Nft system: what is it and what are its advantages?

You are used to the usual formula that has been repeated practically since the world was created. You have a physical object with unique and unrepeatable qualities that you can keep anywhere. For example: a painting. 

It is at home, which implies the risk of deterioration or of suffering a theft. If you decide to sell it at auction, you give the physical work in exchange for money, but what if we told you that there are more alternatives? You can move your artwork to the digital world, manage these steps from anywhere and save time, money and worries.

This is possible thanks to the NFT (Non Fungible Token) system. It is not only applicable to the example of artworks, but to any object in the real or digital world along with its own characteristics and ownership.

Join us and find out how it works, what it is used for and what its advantages are!

What is the NFT system?

It’s very likely that in recent years you have come across terms such as cryptocurrency, decentralisation, DeF, dApps, smart contract and many other topics related to blockchain technology.

The aim of this section is to explain a concept related to these terms: the NFT system. A non-fungible token is a cryptographic token that has the ability to be unique and unrepeatable. It cannot be divided, but it can be used to represent real-world or digital objects while holding all of them on a blockchain through a smart contract.

This definition gives us a clue that NFTs are used to represent unique objects that cannot be divided without being destroyed. Following the example of the painting, it fulfils the key characteristics of a non-fungible token: it is collectible, indivisible, unique and unrepeatable.

How non-fungible tokens work

"The NFT market grew by more than 299% in 2020 for more than $250 million as a total transaction". 

What is it about NFTs that makes them so appealing to the public?

We tell you how it works in a few simple steps:

  • Smart contracts, the key behind the NFT system

The operation of non-fungible tokens depends on smart contracts (programming we do within the blockchain to tell the network to store transaction information automatically). The blockchain stores all the information immutably and transparently, so that we can access it whenever we need it. The programmer of a smart contract for an NFT token can create a programme with the requirements he/she wants: digital identity, permissions to access a service, etc.

  • Thanks to the blockchain and smart contracts, any digital content can be tokenized.

The blockchain and smart contracts can store metadata that proves authenticity, identifies the author and all transactions made since the tokenization of a digital content (who created it, who tokenized it, when it was sold and for what amount of money). By tokenizing digital content, a certificate of ownership and authenticity is created that guarantees that the content is unique and that the ownership rights are held by the person who acquired it.

  • Operation varies depending on the blockchain platform they run on

Although there are some minor differences in the characteristics of Ethereum NFTs and other blockchain platforms, such as EOS, the operation is practically the same. These are minor adjustments made to make the smart contracts adapt to the infrastructure on which they run, such as the programming language or the resources available on the network.

However, before creating your own NFTs, it is necessary to be clear about the differences with fungible tokens. 

Fungible tokens VS non-fungible tokens

On the one hand, fungible tokens allow the exchange of goods or services and stores of value, facilitate collective decision-making and are divisible. For example: any cryptocurrency. On the other hand, non-fungible tokens allow real-world objects with unique qualities to be represented on a blockchain by means of a smart contract and are not divisible. For example: a song. 

Did you know that more and more users are exploring the potential of these opportunities?

4 advantages of NFT systems

Smart contract, decentralization, blockchain... What do I get out of it? Don't worry, here are the advantages of NFT tokens:

  1. It is unique. Each NFT is unrepeatable, there is no other like it. 
  2. Ownership rights. The buyer has an authentic certificate of ownership to prove that he or she is the author of the object. Traditionally, when you bought a song, what you got was permission to enjoy that content, but the owner was still the singer. With NFTs it's different, because the purchase of a song also means the acquisition of the rights.
  3. It is verifiable. The blockchain on which the NFT is represented by a smart contract stores the purchase history, so you can verify who, how and when the asset is bought or sold.
  4. It is indestructible. A physical object can suffer from the deterioration of time, but by transferring it to the digital world, this problem disappears. An NFT is an asset stored in computer systems.

Like everything else in life, with NFT systems we also need to see to believe. That's why we have compiled some real-life use cases where the limits are only set by the imagination:

  • Insurance company. A blockchain insurance platform can be created to store policy access data on a non-fungible token.
  • Video games. Electronic Arts or Take-Two are names of companies betting on blockchain technology in the video game industry. A player can buy a car that he needs to move to another place and then sell it to another player.
  • Automotive. An NFT can store the data of the material and the process that has been followed in the production chain, at what time, for what reason, etc., which provides greater control and security.
  • Real-world assets. Transforming a house into a non-fungible token not only allows you to have ownership rights, but to prove them at all times. When we buy a house, it is important to know if it is free of legal claims. An NFT can store all this information to sell houses more safely.

The examples do not end there. There are infinite uses and applications of non-fungible tokens that will be talked about in the future. 

The case of Cresio's NFTs


Did you know that Cresio holders have privileges when it comes to acquiring exclusive NFT? We have unique pieces for XCRE holders that are distributed through a lottery among all of them, on the one hand, and through the bidding on our Marketplace, on the other hand. Finally, the tokens that are used to pay for the Charter are burnt.

Pay attention to the following summary table. We tell you about the features of Cresio NFT Cards in detail.





Supply of 5 units

Supply of 10 units

Supply of 10 units

Supply of 200 units. Each card is unique and numbered

Free access to the platform (Premium)

50% discount on lifetime platform access fee

15% discount on lifetime access fee to the platform

Cards for the first 200 users to complete 12 months of stake

Avatar for CopyTrader tool in multiexchange

Avatar for CopyTrader tool in multiexchange

Avatar for CopyTrader tool on multiexchange

Avatar for CopyTrader tool on multiexchange

Starting bid price 12K $XCRE. Token burning

Starting bid price 6K $XCRE. Token burning

Starting bid price 3K $XCRE. Token burning

Condition of staking a minimum of 3K $XCRE

Activation Price 60 $XCRE

Activation Price 30 $XCRE

Activation Price 15 $XCRE

Activation Price 30 $XCRE

Do you know why NFTs are on everyone's lips? Contact us and solve your doubts about the most revolutionary technology of the moment.

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