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Understanding the concept of opportunity cost
NFT stands for non-fungible token.
"Non-fungible" means it's unique and irreplaceable.
Popular tech website The Verge explains it well. Basically, it says, a Bitcoin would be "fungible" because if you traded one coin for another, you'd have the same thing.
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Think about your life at home. You probably use a bank. That bank is basically the middle man between you and whoever you're sending money to.
A blockchain cuts out the bank. The blocks form a transparent, digital ledger that everybody can see.
Love learning new ideas that help me grow mentally. Boy mom and spoiled wife. Living our best life.
When I retire will this be how financing property will be done? Part B of retirement? Financing property with my crypto?
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That doesn’t make it any clearer.
“Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same t...
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