Each Beanion is generated randomly from over a hundred traits - one out of a possible 12 million outcomes. By minting one of these NFTs you are indirectly helping the fight against hunger in America. Please check out our Road Map
NFT is an acronym for non-fungible token and Wikipedia defines it as a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.
NFTs are a one-of-a-kind digital asset that belongs to you and you only. It can be thought of as an irrevocable digital certificate of ownership and authenticity for a given asset, whether digital or physical. The most popular NFTs right now include artwork and music, but can also include videos and even tweets.
NFTs are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable. Leveraging cryptographic signatures native to the blockchain on which an NFT is issued, one can easily determine the origin and the current owner of the asset in question in seconds.
A non-fungible token is created by an artist, creator, or license-holder through a process called minting. Minting is a process that involves signing a blockchain transaction that outlines the fundamental token details, which is then broadcasted to the blockchain to trigger a smart contract function which creates the token and assigns it to its owner.
Under the hood, a non-fungible token consists of a unique token identifier, or token ID, which is mapped to an owner identifier and stored inside a smart contract. When the owner of a given token ID wishes to transfer it to another user, it is easy to verify ownership and reassign the token to a new owner.
