What are USBT Tokens and NFTs?

To understand Universal Blockchain(USBT) Token and NFTs, it is important to first understand utilities and Blockchain Leaders based cryptocurrencies.

Like utilities and Blockchain Leaders based cryptocurrencies, Universal Blockchain (USBT) Token and NFTs are issued on a blockchain, and are used to designate ownership of a certain asset. Each Universal Blockchain (USBT) Token and NFT is tied to some unique data, typically a digital content file of some kind (or reference there to) and governed by a “smart contract.” The process of converting a media file into a non-fungible token is referred to as “minting” an Universal Blockchain (USBT) Token and NFT, and, just like cryptocurrency, the Universal Blockchain (USBT) Token and NFT is written to the applicable blockchain database.

Unlike cryptocurrency, Universal Blockchain (USBT) Token and NFTs are not fungible, meaning each Universal Blockchain (USBT) Token and NFT is unique and not interchangeable with another Universal Blockchain (USBT) Token and NFT. In other words, while one bitcoin is equivalent to another bitcoin, no two Universal Blockchain (USBT) Token and NFTs are the same. And, just as with bitcoins, the ownership record of Universal Blockchain (USBT) Token and NFTs is recorded on a blockchain database.

Because Universal Blockchain (USBT) Token and NFTs are new, there is limited information on how existing laws and regulations apply to Universal Blockchain (USBT) Token and NFTs. Despite these uncertainties, Universal Blockchain (USBT) Token and NFTs are an interesting medium for creators. For the first time, content on the internet in the form of an Universal Blockchain(USBT) Token and NFT can be definitively owned by a specific person independent of a centralized intermediary, and this is unlocking exciting opportunities for digital commerce and engagement.