JGN: Your Gateway to NFTs

About jXP (Juggernaut Experience Points)

DeFi users can stake assets to earn jXP. Only with jXP can you earn limited edition NFT assets from some of the top artists around the world (and much more to come!) Stake JGN to Get jXP

What are NFTs?

NFTs stand for Non-Fungible Tokens. “Non-fungible” sounds complicated, but it’s actually a simple concept to learn: Any asset that is identical to another and can be exchanged for it 100% of the time, is a fungible asset.
1 dollar bill can be exchanged for another 1 dollar bill. 1 share in a company can be exchanged for the same 1 share. Then, any asset that’s not identical to anything, and can’t be exchanged for a similar asset 100% of the time, is a non-fungible asset.

The Mona Lisa can’t be exchanged for a replica. A Twitter username can’t be exchanged for the same Twitter username, because only one exists.

DeFi + NFT

When you put non-fungible tokens on a blockchain, a new world of possibilities opens. Suddenly, digital art becomes viable, because ownership is easy to prove. You can start doing cool stuff with loyalty points or buy & sell royalty-bearing assets such as music or films.

DeFi + NFT is a trend that we will explore soon. Decentralized protocols offer NFTs new capabilities in terms of interoperability, meaning your NFTs can be transferred between multiple marketplaces, games, or they can be minted through yield farming offerings.

Main advantages of NFTs

They represent unalterable ownership.
They are easier to trade than other non-fungible assets because representing something as a token creates a layer of abstraction.
Tokens can be programmed and can work on many different protocols and applications, opening new cool use-cases for non-fungible assets.
Tokens contain all the information regarding the asset, so authenticity is easier to prove.

JGN NFT Marketplace

Fresh out of the oven — get ready for JGN’s Genesis NFT Collection, coming soon!

More NFTs and Partnerships coming soon!