What is an NFT? An NFT is a non-fungible token, meaning it’s a unique asset that cannot be copied and isn’t easily interchangeable. An NFT acts as a digital certificate of ownership — of a tangible or intangible asset — that is recorded on a blockchain. NFTs are most commonly tie...
What Is an NFT? NFT stands for 'non-fungible token'. When something is fungible, like a dollar bill, it is equivalent to, and can thus be exchanged for, any other dollar bill. In contrast, a non-fungible token is a unique asset in digital form that cannot be exchanged for any other...
What is an NFT? Learn about non-fungible tokens, a new way to own digital assets. NFTs are unique and can't be replaced. Learn more about these cryptographic tokens.
What is an NFT? NFTs are non-fungible tokens. They act as a non-duplicable digital certificate of ownership for any assigned digital asset. Basically, it is a smart contract that is put together using bits of open source code, which anyone can find from platforms like GitHub, and used ...
What is an NFT? You might recognize NFT as an acronym for “non-fungible token,” but understanding it involves more than just a bit of crypto trivia. Let’s break it down, starting with the “token” part. Tokens vs. cryptocurrencies Tokens are similar to cryptocurrencies like Bitcoin...
What is an NFT? NFT stands for non-fungible token: a unique, identifiable digital asset that’s bought and sold through transactions on the blockchain. The “non-fungible” aspect basically means that it’s one-of-a-kind. That’s because no two NFTs are identical on the blockchain. Ever...
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1. NFT for Dummies: What Is it? NFT is an acronym for non-fungible token. They’re tokens in a blockchain representing unique digital or physical assets. NFTs are tokenized, meaning each and every one of them is unique and unlike any other. And that includes different versions of the as...
What is an NFT? An NFT is a non-fungible token. Non-fungible, in this context, means that it's unique and (literally) irreplaceable. In practice, NFTs can be any sort of digital item that someone might want to own, such as a piece of music or a painting. (Graphic designer Beeple ...
What Is an NFT? The digital asset known as an NFT (non-fungible token) is a representation of real-world objects that can be bought and sold online. Cryptocurrency often plays a role in these transactions, but they’re also popular because this type of artwork has been seen more frequently...