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    World’s first Non-fungible tokens (NFT) cloning system.

    We had various platforms offering NFT clone scripts earlier, but now, a London-based company has launched the world’s first NFT cloning system. The question arises, are the so-called non-fungible or unique tokens now duplicable? Before getting to the answer, first, we need to understand what cloning is in NFTs.

    NFT Marketplace is a site where you can buy and sell a Clone Script. This ‘clone’ is a decentralized script constructed on any blockchain network to create a brand that quickly gains a customer base and is stable in the market, similar to the popular NFT Marketplaces such as Opensea, Rarible, and Binane NFT.

    So no, the NFTs themselves were not duplicable until now.

    How does the new NFT cloning system work?

    CloneMyNFT.com is a recently launched site by a London-based software startup. The website allows NFT owners to “keep their NFT artwork forever” even after they have sold it. This creates obvious questions regarding the status of ‘non-fungible’ tokens.

    If there is a copy, how come the token is ‘unique.’ Well, the buyers need not worry. The creators of NFTs will retain the clone; they will not have the right to resell or trade their NFT.
    The cloning system is such that only the original buyers and not the retainers are allowed NFT transactions. It promises to be the first NFT backup service in the world, allowing you to preserve a copy of your NFT in your wallet even after you sell the original.

    How the software will work:

    The technique works by creating an exact digital copy of the artwork but with a unique contract on the blockchain, thereby cloning the original NFT.

    The digital art copy will not have the exact provenance as the original NFT, but it will seem identical and could potentially be marketed as such. Once again, the retained or cloned NFT will not be as valuable as the original. It can only be sold as ‘the copy of original NFT’ and not like the NFT itself.

    According to the website CloneMyNFT.com, many collectors develop attachments to their NFTs and desire to keep them in their wallets long after selling them. Collectors may be forced to sell them in order to assess their assets or some other reason, but they frequently wish to maintain a memento of the NFT they formerly possessed, and now they can.

    This is why the startup has come up with software that gives the owners an option of cloning their NFT and keeping an identical duplicate copy in their wallet indefinitely. The new contract will be written, a record will be maintained, and this NFT will be clearly stated as ‘the original copy.’

    Steps to follow to clone your NFT:

    • Connect your Wallet:
      Once the crypto wallet is connected, the system locates all of the metadata and artwork from your collection.
    • Select the NFT to be cloned:
      Once the desired NFT is added, the website creates a completely new copy of your asset on the Ethereum blockchain and provides a backup in your account.
    • Duplicated NFT:
      Both the original NFT and the new clone are maintained in your wallet, and if you wish to sell the original, the duplicate NFT will forever be retained with a new blockchain contract in your wallet.

    This is great news for all those collectors who get attached to their NFTs. Now trade them without any worries!

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