Frequently Asked Questions
Everything you need to know about the largest marketplace of crypto collectables
A non-fungible token (NFT) is a special type of cryptographic token which represents something unique; non-fungible tokens are thus not mutually interchangeable. This is in contrast to cryptocurrencies like bitcoin, and many network or utility tokens that are fungible in nature. Non-fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms. NFTs are used in several specific applications that require unique digital items like crypto art (rare art), crypto-collectibles and crypto-gaming.
One NFT is not equal to any other NFT, either in value or in the properties of the token itself. Each token is assigned a digital hash that distinguishes it from every other NFT of its kind. This feature enables NFTs to act as a proof of provenance.
You can find information on how to do that in the following links:
Android User Manual: https://tinyurl.com/yxneenux
iOs User Manual: https://tinyurl.com/yxb4jv43
Sync: https://env.vechain.org/#sync (A desktop web browser that has built-in wallet functionality.)
Comet: https://cometpowered.com/ (This plugin integrates with your Chrome browser to give you a lightweight but well-designed wallet. This tool functions similarly to MetaMask on Ethereum. The Comet icon sits in the top right corner of your browser, giving you quick access to your wallet and other info).
FIRE is the intermediary token used in the Vulcan Marketplace. As bidding on items is quick fire, it is impractical to wait for every bidder to transfer their VET to an escrow wallet before the bid is allowed (and then transfer it back again if they are outbid). So we have created a smart contract similar to the Valkyrie VET+ contract in CometVerse where you convert your VET to FIRE (1:1 ratio), and use FIRE to bid which is instant. You can then convert your FIRE back to VET when you like.