What is fNFT

The Utherverse platform software will use a hybrid model of Virtual Goods, NFTs & fNFTs.

There will be access to simple virtual goods and services that are not NFTs in the sense that they are not held on blockchain but are instead traditionally served files from our servers or from local cache. These simple virtual goods have advantages over NFTs in that they are more flexible for mass use purposes – faster to load, higher quality to enjoy and better performance to enhance users’ experience.

NFTs are also supported on the platform, and users will be able to buys, sell, trade and display their NFTs with enhanced features - such as metadata proof of ownership. NFT artwork from approved collections and blockchains can be displayed by users within their private virtual homes or businesses, or on the profile. This will add value to projects and holders of approved NFT collections.

fNFT stands for functional Non-Fungible Token. It refers to dynamic tokens that represent goods with utility within the Utherverse platform. Unlike traditional NFTs that are static digital assets, fNFTs have functionality and can be used, combined with other fNFTs, traded, and created within the Utherverse.