What Does NFT Mean? NFT stands for non-fungible token. The trick here, however, is to know what fungible means. In its simplest form, non-fungible means a unique digital asset. To be non-fungible, the asset has to be unique, meaning there is ONLY one of them, and it has to be st...
When I write NFT, I mean this: NFT also means "No Further Text." Summary of Key Points First definition of NFT "Non-Fungible Token" is the most common definition for NFT in mainstream media, as well as on messaging apps like Instagram. NFT Definition: Non-Fungible Token Type: Abbreviat...
In cryptocurrencies, the token is the thing that has value. Most cryptocurrency tokens are "fungible." NFTs, by definition, are not. So, what does that mean? Fungible and Non-Fungible Tokens. Something fungible is worth as much as another thing like it. Tokens on the Bitcoin blockchain are...
What does rugged mean? 10 +1 Scammed Just ascryptoandNFTbros userug pullto mean "scam," they use rugged to mean "scammed." You're most likely to encounter this term on social media and in forums, when users are discussing scams perpetrated by cryptocurrency or NFT creators. ...
What does non-fungible mean? By definition, non-fungible means something that can’t be copied, replaced, or easily exchanged. NFTs are unique tokens created to represent ownership of one particular asset. Non-fungible also means something isn’t interchangeable. This applies to NFTs and physical...
but, I gotta set up my MetaMask, and like what does that even mean? Can you guys explain the wallet part too as well, ‘cause one theoretically does not necessarily have to actually interact with cryptocurrencies directly — so, if you guys could break down really quickly that bit too. ...
NFT: a non-fungible token linked to a unique digital or physical asset that can't be replaced with something else. NFTs are not cryptocurrencies, which consist of fungible or tradable tokens. This creative example of Web3 technology is bound to evolve in the future. Distributed computing or ...
Let’s be serious… the big question is: Can it help people make more? What does the metaverse mean for entrepreneurs, small businesses and big businesses? It’s likely to be disappointment for the majority of us. Even though “the next big thing” may find some success, it is a red ...
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What Does Non-Fungible Mean? Fungibility describes the interchangeability of goods. For example, say you had three notes with identical smiley faces drawn on them. When you tokenize one of them, that note becomes distinguishable from the others—it is non-fungible. The other two notes are indis...