What is an NFT? How Does Raze Use NFTs?

NFT stands for non-fungible token. Non-fungible means that it is unique and can’t be replaced with something else. At a higher level, NFT’s are cryptographic tokens assigned to a particular asset, either digital or representing a real-world physical object, or both.

Raze uses NFTs to help projects issue digital representation of their securities and or memberships. These NFTs are minted to the qualified investor’s connected wallet and act as a proof-of-investment and enable payouts of dividends and revenue shares if applicable.

Raze also uses NFTs to issue identification certificates to qualified investors. When a qualified investor completes KYC verification, the Raze Platform mints an NFT to the qualified investor’s connected address. The NFT does not contain any personally identifiable information.