NFTs, or Non-fungible tokens, are one-of-a-kind digital items, with proof of ownership stored on a blockchain. They function both as a digital collectible, often of an artwork, and a membership certificate. NFT technology allows us to demonstrate verifiable ownership of a unique image, GIF, video file and can entitle owners to special rights like a VIP pass and backstage tours. Sziget Festival will “mint” limited editions of artworks that capture iconic memories from Sziget 2022 and entitle the holders to specific rights and privileges at future Sziget Festivals.

Your NFT is stored in your personal Wallet. The Wallet has a public code that the world identifies you with and a private code so only you can access it. Both the Pre-Festival Free NFTs and SzigetVibes NFTs are minted using the Polygon blockchain and would require a Polygon-compatible wallet, such as Metamask or Payrue.

It is true that some NFTs use a huge amount of energy. It is important to understand that making NFTs does not directly link with high energy consumption. It is the Proof-of-Work consensus algorithm that some blockchains use to verify transactions that uses lots of energy.

Nimi uses Proof-of-Stake blockchains such as Polygon that can be multiple factors more efficient, process transactions at a much higher speed, and keep the energy consumption minimal. A transaction on Polygon takes less energy than a single Google search.

Can an NFT beA blockchain is a distributed ledger on which any information can be stored. Unlike other shared databases, information stored on a blockchain cannot be changed or rewritten. Whenever an NFT is minted and stored on a blockchain, an accurate and permanent record exists of when it was created, and by whom. While you can go and mint an NFT that is seemingly identical to a popular or valuable NFT, its provenance and chain of title is impossible to fake. copied or forged?

Free NFTs are only offered in 2022 to jumpstart Sziget’s very first NFT community. These images are of actual artworks at Sziget Festival 2019. They bring back fond memories of the Sziget Art of Freedom creations and the last festival before COVID Free NFTs are only offered in 2022 to jumpstart Sziget’s very first NFT community. These images are of actual artworks at Sziget Festival 2019. They bring back fond memories of the Sziget Art of Freedom creations and the last festival before COVID disruptions. These Free NFTs mark the inauguration of this community of Sziget fans.

Those who register for our NFT newsletter in this launch will also receive early access to the SzigetVibes NFT drop in late September and before the public release.SzigetVibes NFTs are unique mementos that represent your 2022 Sziget Festival experience. These one-of-a-kind artworks capture a wide range of iconic memories from Sziget 2022. They are offered in 3 tiers, with the most exclusive SzigetVibes NFTs offering unique benefits and VIP access for future festivals.

In the near future, the top SzigetVibes collectors will have the opportunity to create a private virtual gallery through the Nimi platform where you can display your digital memories and showcase your unique collection with friends.