EOS developers now have two new ways to create crypto collectibles. Over the past week, two different non-fungible token standards (NFTs) have been released: Simple Assets by CryptoLions and dGoods by Mythical Games. If these efforts are successful, they could enhance EOS’s token landscape and help monetize blockchain gaming.

What Are Non-Fungible Tokens?

Non-fungible tokens, or NFTs, are special blockchain tokens that were originally popularized by CryptoKitties, an Ethereum-based trading game, in late 2017. Although NFTs have monetary value, they aren’t interchangeable like coins or bills are. Instead, each NFT is unique and holds value like a rare trading card does.

Over the past year, CryptoKitties has spawned a number of imitators, such as Blockchain Cuties on TRON. However, the most promising application of NFTs involves adding tradable items to mainstream video games. This has been called a multi-billion dollar market, and blockchain platforms like WAX are already breaking into it.

EOS could become the next…

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Source: https://thebitcoinnews.com/eos-has-two-new-standards-for-crypto-collectibles-and-nfts/