Tencent's NFT trading software "Huanhe" (literally means phantom core) app has been launched, with a limited edition of 300 digital collectibles of NFT on sale.
The app is part of Tencent PCG, the division's innovative business, local media said, citing Tencent insiders.
According to the description on the software's download page, users can purchase tamper-evident and indivisible digital cultural goods in the app, and their rights and interests will be permanently recorded on the blockchain.
The full name of NFT is Non-Fungible Tokens, which are units of data stored on the blockchain that can represent unique digital items like art.
Because of its irreplaceable nature, NFT means it can be used to represent something unique, such as an original Mona Lisa painting in a museum, or the ownership of a piece of land.
While mainstream crypto assets like BTC and ETH are also recorded in the blockchain, NFT is different from them in that any one NFT token is irreplaceable and indivisible.
NFT is a "unique" asset in the digital world that can be bought and sold and used to represent some real-world commodity, but they exist in an intangible way.
Currently, most of them are digital artworks or collectible cards. Some are virtual goods, others are packaged in common formats like JPEG and PDF, and only a few NFT tokens are a digital record of physical ownership.