What does NFT mean? NFT stands for non-fungible token, and“non-fungible” is what distinguishes NFTs from cryptocurrencies. Bitcoin and Ethereum are fungible tokens — one Bitcoin can be exchanged with another and nothing is gained or lost. By contrast, each NFT has a unique value and canno...
NFTs, or non-fungible tokens, share some similarities with cryptocurrencies like Bitcoin. But whereas a bitcoin is like a dollar bill—insofar as each one is worth as much as every other (making them fungible)—NFTs are individually unique. If an artist uploaded the same image twice onto the...
What Does NFT Mean in a Text?home▸search w▸NFTThe Quick Answer The abbreviation NFT means "Non-Fungible Token" and "No Further Text." Non-Fungible TokenNFT is used with the meaning Non-Fungible Token to refer to a unique entry on a blockchain (the same decentralized digital ledger...
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What does it mean to be fungible? To better understand non-fungible tokens, we’ll discern what it means to be fungible. Fungibility is usually used in finance to talk about items that are interchangeable and indistinguishable. Fungible items can also be divided into parts. A clear example of...
NFT (Non-Fungible Token) Optical-mechanical mouse Optical mouse Overhead projector Digital projector Pager Smartphone PalmPilot Smartphone Paper maps GPS Parallel port USB Payphone Smartphone PC Card USB PCI PCIe PCI-X (Peripheral Component Interconnect Extended) PCIe PCMCIA (Personal Computer Memory ...
“What is the metaverse—and what does it mean for business?,” March 29, 2022,Mina Alaghband “Blockchain’s Occam problem,” January 4, 2019,Matt Higginson,Marie-Claude Nadeau, and Kausik Rajgopal “Blockchain explained: What it is and isn’t, and why it matters,” September 28, 201...
Durable means the money is easy to save across time; it does not rot or rust or break easily. Fungible means that individual units of the money don’t differ significantly from each other, which allows for fast transactions. Verifiable means that the seller of the goods or services for the...
What Does Currency Mean? The term currency refers to the tangible form of money that is paper bills and coins. It's used as a medium of exchange that's accepted at face value for products and services as well as for savings and the payment of debt. ...