Tech
What You Need to Know about Non-Fungible Tokens

After Beeple sold his “Everydays: the First 5000 Day” digital-only artwork at Christie’s auction house for $69 million, non-fungible tokens, or NFTs for short, stole the show and became one of the hottest topics for discussion in the crypto space. But what are NFTs and what makes them so unique and valuable? Let’s find out together.
Non-fungible tokens are viewed as cryptographic assets on blockchain with special and unique identification codes as well as metadata that enable you to differentiate them from each other. When comparing fungible vs. non-fungible tokens, it is worth noting that NFTs can be neither traded nor exchanged at equivalency — and this is exactly what differs theme from fungible tokens, e.g. cryptocurrencies backed by gold, or silver, which are normally used as a means of exchange when dealing with commercial transactions.
NFTs, for their part, have managed to upend the crypto paradigm by making each and every token unique and irreplaceable — therefore all non-fungible tokens cannot be equal to another at all. As well as this, it is possible to extend NFTs, which means that you are enabled to combine a particular non-fungible token with another in order to literally “breed” a third unique token.
However, just like Bitcoin NFTs possess ownership details for easier identification and smooth transferring between token holders. In addition, owners can provide in NFTs extra details like metadata as well as other information related to the asset. For example, artists can provide a signature to their digital artwork in the metadata.
Non-fungible tokens can be created on the Ethereum blockchain but developers say that soon some other blockchains will support NFTs too. As a matter of fact, NFTs evolved from the ERC-721 standard which defines the minimum interface needed for exchange and distribution of gaming tokens. Another token standard, which is ERC-1155, is used for reducing the transaction and storage costs needed for non-fungible tokens and batching several types of NFT tokens into one single contract.
A non-fungible token can be implemented in a number of use cases. So, for instance, they are considered to be a perfect match when representing various physical assets such as real estate property, works of art, music, and so on. Considering the fact that NFTs are dependent on blockchain technology, they can be used to do away with costly middlemen services, substantially simplify transactions, and contribute to the creation of new markets.
For the time being, much of today’s market for non-fungible tokens is concentrated around collectibles, including digitally created works of art, sports cards, rarities, video games, music, virtual real estate items, and so on. Currently, one of the most popular NFT spaces is NBA Top Shot, which is a place where you can collect non-fungible tokenized NBA moments in the form of digital cards.
Non-fungible tokens are considered to be a true evolution over the familiar concept of cryptocurrencies. The present-day finance systems comprise elaborate trading and loan systems for a large number of assets, ranging from real estate to art. Probably, one of the most clear-cut benefits of non-fungible tokens is market efficiency. Thanks to the conversion of a real, physical asset into a digital one, it is more than possible to boost strenuous processes and do away with any intermediaries. NFTs that represent a digital artwork on the blockchain are capable of removing the need for agents, thus enabling artists to sell their works directly to their audiences.
As well as this, non-fungible tokens are also capable of democratizing investing via fractionalizing physical assets such as real estate. It goes without saying that it is much easier to divide a digital real estate among a particular number of owners rather than a physical one. This practice can be extended to works of art, video games, and music too.
On the whole, non-fungible tokens are a real power and they have a tremendous capacity to shape our view of the possible. They have become a new plaything for crypto enthusiasts and there is surely real money to be made. If you want to engage in this exciting game too, it is better to trust non-fungible token development to a professional blockchain development team who will take the trouble to make your NFT campaign a success.
Tech
AI in Placemaking: How ERA-co is Using Smarter Data to Build Better Cities

ERA-co is exploring new ways to apply AI in urban design, utilizing data-driven tools to support more thoughtful and responsive placemaking. Rather than replacing human insight, the firm sees artificial intelligence as a partner — one that can enhance how designers understand and shape the spaces where people live, move, and connect.
This approach isn’t about flashy tech or fully automated cities. It’s about asking better questions, revealing patterns we might otherwise miss, and using that knowledge to make decisions rooted in real-world behavior. For ERA-co, AI becomes most valuable when it helps clarify how a city works, layer by layer, so design teams can create places that are not only efficient but also livable and meaningful.
Understanding complexity before optimization
Before talking about smart tools or predictions, ERA-co begins with a foundational question: “What kind of problem is a city?” Nicolas Palominos, Head of Urban Design and Strategy R&D at ERA-co, references the work of Jane Jacobs to frame this.
“As Jacobs reminds us, cities exhibit complex system behavior, where multiple elements vary simultaneously, in subtle interconnected ways,” Palominos explains. “AI can augment our understanding of these parameters to design better places with optimized social benefit.”
According to Palominos, that kind of social benefit can take many forms. It might involve modeling a housing system that supports proximity-based living, such as the concept of the “15-minute city,” or applying predictive analytics to anticipate and respond to events like floods, heatwaves, or infrastructure failures.
ERA-co doesn’t use AI to chase efficiency for its own sake. Instead, the firm uses it to gain a more comprehensive understanding and a clearer picture of a place’s behavior.
Data that matches people, not just places
Not all data is created equal. When it comes to placemaking, ERA-co prioritizes what Palominos calls “spatial and temporal granularity,” which entails not only examining how a space functions on a map but also understanding how people interact with it over time — from hour to hour, and season to season.
“The most valuable data are those with the greatest spatial and temporal granularity for observing people and urban environments,” Palominos says. “Video footage, mobile data, street view imagery, and satellite imagery enable a deeper understanding of how different groups of people perceive and use public space.”
One recent ERA-co proof-of-concept used AI to assess how people visually perceive streetscapes, analyzing elements like enclosure, complexity, and human scale. These insights informed more nuanced design strategies that align with local behaviors, not just abstract zoning plans.
This level of detail matters because even small design shifts can have ripple effects on how people move, feel, and gather. With AI, ERA-co isn’t just tracking patterns but learning from them.
ERA-co’s AI mobility work: Subtle shifts, broader benefits
Some of the clearest applications of AI can be seen in mobility — how people and goods move through cities. It’s here that ERA-co sees measurable gains in both function and experience.
“AI-driven fleet optimization balances supply and demand in bus services and bike-share systems,” Palominos says. “On the consumer side, it streamlines courier and delivery services through route optimization.”
These systems don’t operate in isolation. When they’re better coordinated, they can relieve pressure on road networks, reduce congestion, and lower energy use. But what makes ERA-co’s approach different is that it doesn’t stop at logistics. It examines how those systems impact the daily lives of people who live in and move through a place.
The limits of AI and the role of design judgment
As much as AI can help us see more, ERA-co is careful not to let it make the final call. Cities are more than just systems — they’re layered with memory, identity, and human connection. And not everything meaningful can be measured.
“There have been cases where AI insights pointed us in one direction, but human judgment and cultural understanding led us another way,” Palominos notes.
Sometimes a place functions well on paper, but feels hollow in practice. Other times, a community gathering space might disrupt traffic flow, yet provide invaluable support for social well-being.
This is where design intuition becomes critical. ERA-co uses AI to inform, not dictate, the design process.
Planning for a future in flux
Looking ahead, ERA-co sees AI playing a growing role in helping cities adapt — not just to top physical threats like climate change, but also to slower, less visible shifts in how people live and connect.
“AI will amplify our understanding of how cities function through enhanced spatial representation and analysis, informing better human decision-making,” Palominos says. He references recent findings (like an MIT study showing people walk faster and linger less in public spaces) as examples of trends that would have been hard to anticipate without AI.
Still, the goal isn’t to automate responses to those behaviors. It’s using those insights to reimagine what kinds of public spaces people may need in the future, especially as patterns of connection and isolation shift.
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