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The popularity of NFTs continues to remain strong, thanks to their evolving utility. Non-fungible tokens are digital representations of specific items. Because each NFT is unique, it can be traded, bought and sold. While NFTs have largely been used for digital artwork, music and collectibles, they can also be used to trade traditional financial assets. A new project is now linking decentralized finance (DeFi) with the NFT marketplace. Known as INOFi, it’s revolutionizing transparency, democratization and NFT transactions in the DeFi space.
Key Takeaways:
INOFi is an NFT platform that utilizes blockchain technology to allow its users to own fractional shares of NFTs. It functions with its native FON token on Binance, Ethereum and others.