What are Non-Fungible Tokens (NFTs)?

Non-Fungible Tokens or Nifties are collectible digital assets that exist on a blockchain. Each token has unique specifications that makes it one-of-a-kind. An NFT can be owned by one user only, and they cannot be replicated or forged. On Uhive, an NFT token can be applied to every single space!

NFTs on Uhive

Since Uhive’s big bang, NFTs emerged throughout Uhive’s social Universe in the form of spaces! Paid Spaces on Uhive can be the most valuable NFTs; they are unique and they solely belong to the account holder. They are basically virtual real estate, that you’ll be able to buy or sell. A Space’s value can be determined by their location in Uhive’s universe, levels of engagement, amount of content, and more.

Deed to your space

In order to truly own your NFT, it contains a unique token address specific to your space’s location. Once the space’s NFT token is minted, the owner of the space can request to transfer it to their own blockchain wallet for safe keeping, or sell it by transferring it to another user’s wallet. Recipients of the NFT will be able to claim the space by transferring the token to their own wallet address

How does it work?

Simply withdraw your Space NFT from Uhive to your blockchain wallet

Once it's in your blockchain wallet, you can trade/sell it

Once the Space NFT Token is moved back to uhive, to any user’s wallet, the system will move the ownership of the Space to the account the NFT moved to, including:

  • Space Location
  • Space Followers
  • Space Content
  • Space Social Scale
  • Space Awards and Badges

Check Spaces NFT Tracker
(https://spaces.uhive.com/stats/)

See how it works