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Updating Vara MultiToken (#196)
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MedovTimur authored Oct 22, 2024
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2 changes: 1 addition & 1 deletion docs/examples/NFTs/concert.md
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## Introduction

The idea of this program is to demonstrate a real-life scenario where a fungible token (VFT) transforms into a non-fungible one (VNFT), representing the [Vara Miltiple Token Standard (VMT)](/docs/examples/Standards/gmt-1155.md) utilization. For example, when buying a concert ticket without a specific seat, all tickets are the same and interchangeable (fungible). However, once the concert is over, the electronic ticket can turn into a unique non-fungible token, belonging solely to you and serving as a reminder of the event.
The idea of this program is to demonstrate a real-life scenario where a fungible token (VFT) transforms into a non-fungible one (VNFT), representing the [Vara Miltiple Token Standard (VMT)](/docs/examples/Standards/vmt.md) utilization. For example, when buying a concert ticket without a specific seat, all tickets are the same and interchangeable (fungible). However, once the concert is over, the electronic ticket can turn into a unique non-fungible token, belonging solely to you and serving as a reminder of the event.

In this example, a single deployed program can hold one concert at a time. Firstly, all the tickets for the concert come as fungible-tokens. In order to buy tickets, one should provide the metadata (e.g. seat/row number) that will later be included in NFTs. When the concert ends, all the fungible tokens of all users (ticket holders) will turn into NFTs.

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