What are Primitives?

Learn about blockchain primitives including Fungible Tokens (FT), Non-Fungible Tokens (NFT), Decentralized Autonomous Organizations (DAO), and LinkDrops as building blocks for applications.

Primitives are fundamental building blocks that can be combined to create a fully functional application. Blockchain primitives include Fungible Tokens (FT), Non Fungible Tokens (NFT), Decentralized Autonomous organizations (DAO), Link Drops and more.

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Fungible Tokens (FT)

Fungible tokens represent an asset on a blockchain that is interchangeable. Besides the native NEAR token, users can issue their own fungible tokens or use those that are already present in the ecosystem.

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Fungible Tokens are ideal to create reward systems, fair tickets and any other type of token.

Non Fungible Tokens (NFT)

In contrast with fungible tokens, each non-fungible token (NFT) is unitary and therefore unique. Users can create their own non-fungible token, transfer to other users, or exchange them in marketplaces.

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NFTs are ideal to represent ownership of assets such as collectibles, event tickets and other unique assets.

Decentralized Autonomous organizations (DAO)

Decentralized Autonomous Organizations (DAOs) are self-organized groups that form around common purposes. Membership, decision making, and funding are coordinated by publicly voting on proposals through a smart contract.

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DAOs are ideal to create decentralized governance, funding, and decision-making tools.

LinkDrops

LinkDrops are an easy way to distribute digital assets (NFTs, FTs) via links. You simply provide a link for users and they can claim your drop.

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LinkDrops are ideal to do drops, and onboard new users into Web3 apps.