NFT stands for Non-Fungible Token. An NFT can neither be replaced nor interchanged because of its unique properties. NFTs are digital assets that can represent digital collectibles, art, music, games, etc. with a built-in certificate of authenticity, enabled by blockchain technology.
NFTs live on the blockchain. OpenSea (opensea.io) is the largest NFT marketplace in the world. NFTs can only have one owner at a time, and blockchain technology makes it easy to verify ownership and transfer ownership between owners. NFTs can only be sent before they are activated. Once activated they can no longer be sent. Because NFTs are generally one of a kind, they can appreciate as buyers compete for one-of-a-kind items or assets in short supply.
A Boost NFT will apply a multiplier to your rewards or actions points, depending on the specific type of NFT.
- An activated Boost NFT cannot be transferred to another wallet.
- Once the NFT is activated, the time frame cannot be paused, stopped or deactivated.
- Activating more NFTs than your owned smart node licenses will not increase your rewards.
- Activating a boost without an available smart node license will result in no reward boost.
- It is the user's responsibility to manage the online/offline status of their node software