Back to News


March 13, 2021


What is a NFT?

A non-fungible token (NFT), is a digital certificate of authenticity of which the unique identity and ownership are verified on a blockchain (a digital public online ledger). NFTs are used to commodify digital items of value, such as: digital art, video game items, music, etc.  (watch the 2-min NFT explainer video)

With the sudden global explosion and interest in NFTs (Non-Fungible Tokens) TheXchange is suddenly one of the most relevant emerging Global Tech Platforms.

But, what is the problem with NFTs?

Right now it's the Wild West in the world of NFTs. Everybody is issuing NFTs in everything, and there's no way of accurately comparing the value of one NFT to another in a certain class (i.e. Sport or Celebrity Trading Cards). As you will see in the articles below, NFTs are currently selling between a couple of thousand dollars to tens of millions of dollars each depending on the specific NFT and who’s issuing it.

It’s a good thing TheXchange has the solution: Enters StaX, ladies & gentlemen!

Over the past 24 months our Tech team have been developing a single global platform that will allow almost any talented person, group or team, in all passions of life (from sport, music, business to every manner of art) to issue StaX (also considered an NFT) in themselves through the StaX App and allow fans and supporters around the world the world to buy/sell, trade or swap these StaX!

Simply Powerful!

ABOUT NFT’s (click links below)

->NFT Explainer Video.

->What Is an NFT? Inside The Next Billion-Dollar Crypto Sensation.

->A 10-second video clip authenticated by blockchain sold for $6.6 million

->Grimes made $5.8 million in under 20 minutes selling crypto-based artwork

->Muhammad Ali NFT Minted 50 Years After ‘Fight of the Century’ with Joe Frazier

->What Are NFTs? 6 Blockchain Projects to Watch

->’Breaking new ground is never easy’ — Kings of Leon's NFT release takes in $2M

->The $200k NBA NFT

->What is NFT, and why it matters in the crypto world

->How NFTs Became Art, and Everything Became an NFT

No items found.
No items found.