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What are NFTs?

An NFT (non-fungible token) is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.

Reptilium and the nft.reptile collection will be primarily found on Atomic Hub and Nefty Blocks. The two biggest WAX NFT Marketplaces.

What is cryptocurrency?

Cryptocurrencies are a medium of exchange that can be used online or in-person for a variety of goods and services. Many organizations have issued their own coins, sometimes referred to as tokens, and these can be traded specifically for a good or service that the company provides.

Think of them as you would arcade tokens or casino chips, or promotional tools. There are many different ways to get these tokens, mining, earning, borrowing or purchasing. More than 10,000 different cryptocurrencies are traded publicly and range from the mighty duo of Bitcoin and Ethereum to the newest tech startup looking to bring a brand new product or idea to market.

What is a blockchain?

Cryptocurrencies work using a technology called a blockchain. A blockchain is a decentralized ledger (official record) technology spread across many computers (nodes) that manages and records transactions leveraging cryptography.

You may think of a specific blockchain's ledger like a publically viewable bank. When you deposit your paycheck the bank takes note that your check was deposited. But on the blockchain, all the nodes determine whether or not you actually did deposit that and what gets added to the ledger. When consensus is reached that “block” or list of transactions, is recorded, usually publicly, and is immutable. Meaning no one node can go rogue and change a transaction because it requires the block to both be the active block, and form a consensus as to what you actually deposited.

Reptilium and the nft.reptile collection is going to be leveraging the eco-friendly high-population blockchain WAX, which is an EOSIO chain built specifically for NFTs and NFT related activities such as blockchain gaming.