What are NFT trading cards?

NFT trading cards are virtual representations of their physical underlying asset. By being represented on the blockchain, these cards are granted immutability and public verification of ownership. Even if the physical version is lost or destroyed, the NFT will endure and live on the blockchain for as long as the latter exists.

People can create a virtual representation of these cards by creating a token on Ethereum or other smart contract blockchains. These tokens are nonfungible and contain metadata about the card, especially its image. These can be stored, viewed and transferred via an NFT-enabled wallet.

Note that NFTKunstBeheer are designers of NFT collectibles and this website does not offer financial or investment advice.

Before investing in any NFT, cryptocurrency, or other financial asset, always do your own research and remember that your decision should be based on your attitude to risk, your expertise in this market, the spread of your portfolio and how comfortable you feel about losing money.

Never invest more than you can afford to lose. And keep in mind that past performance is no guarantee of future returns.

NFT – Non-fungible token

non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain). NFTs can be associated with reproducible items such as photos, videos, 3D models, audio, and other types of digital files as unique items (analogous to a certificate of authenticity).

NFTs use blockchain technology to provide a public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin.

NFTs have drawn criticism with respect to the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams. Further criticisms challenge the usefulness of establishing proof of ownership in an unregulated market based on digital files that are easy to copy.

Information from Wikipedia

Description

An NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded.The NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose.An NFT (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets.[7]

NFTs function like cryptographic tokens, but, unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are not mutually interchangeable, hence not fungible. While all bitcoins are equal, each NFT may represent a different underlying asset and thus may have a different value. 

NFTs are created when blockchains string records of cryptographic hash, a set of characters identifying a set of data, onto previous records therefore creating a chain of identifiable data blocks. This cryptographic transaction process ensures the authentication of each digital file by providing a digital signature that is used to track NFT ownership. However, data links that point to details like where the art is stored can die.

Information from Wikipedia

Copyright

Ownership of an NFT does not inherently grant copyright or intellectual property rights to whatever digital asset the token represents.While someone may sell an NFT representing their work, the buyer will not necessarily receive copyright privileges when ownership of the NFT is changed and so the original owner is allowed to create more NFTs of the same work.In that sense, an NFT is merely a proof of ownership that is separate from a copyright.

According to legal scholar Rebecca Tushnet, “In one sense, the purchaser acquires whatever the art world thinks they have acquired. They definitely do not own the copyright to the underlying work unless it is explicitly transferred.”

In practice, NFT purchasers do not generally acquire the copyright of the underlying artwork.

Information from Wikipedia

Plagiarism and Fraud

There have been examples of ” artists having their work copied without permission ” and sold as an NFT.

That’s why NFTKB has an unique relationship with STYLELANDIA a Dutch based creative collective ( www.stylelandia.com ) to ensure that we only produce NFT’s from Artists that are members of Stylelandia.

This means that NFTKB can then guarantee the origin of the Artwork and also guarantee that the Artists will receive a commission on any NFT sold which represents some of all of their original artwork.  

Respect for intellectual property

Stylelandia our creative partner is built on respect for artists and their intellectual property rights, as well as the intellectual property rights of third parties.

Stylelandia has a zero-tolerance policy for intellectual property infringements. That’s why we use content from Stylelandia.

Thier members are required to upload works that in no way infringe the copyright, image rights, moral rights, publicity rights, privacy rights or any other right of any person or third party, or violate any law or court or governmental order. In simple terms, it is against the law to steal other people’s works and pass them on as their own.

Stylelandia respects the intellectual property rights of others. It is thier policy to promptly respond to any claim that content posted to their Site infringes copyright or other infringement of any person’s intellectual property.