NFT
NFT stands for Non-Fungible Token.
Imagine a piece of digital art. It's unique, right? You can't replace it with another identical one. An NFT is like a digital certificate of ownership for that unique piece of art.
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Similar ideas to NFT
What is an NFT?
NFT stands for Non-fungible token.
- cannot be exchanged/replicated/replaced because they are unique.
- allows you to buy & sell ownership of unique digital assets.
What the heck is an NFT?
Non-fungible token.
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...
Non-fungible token (NFT)
- In economics, a fungible asset is like money - it is something with units that can be interchanged. With money, a $10 can be exchanged for two $5, and it still has the same value.
- If something is non-fungible, it has unique properties and cannot be i...
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