What is an NFT and why is Closin using NFTs?

What is an NFT?

An NFT is a non-fungible token, which is a unique one-of-a-kind unit of data on the blockchain. Because of this nature, they are non-interchangeable and cannot be reproduced. Each NFT is unique and the NFTs representing your property ownership cannot be duplicated by someone else, offering security and peace of mind that your ownership stake will always belong to you.

Why is Closin using NFTs?

Closin is using NFTs to represent investors’ property ownership mainly due to these security and ownership benefits. Additionally, there are several established NFT marketplaces on which you can sell your NFTs, such as https://opensea.io/ and https://crypto.com/nft/marketplace. These marketplaces provide liquidity for your NFTs, allowing you to sell your NFTs at any time and realize gains immediately.