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...
NFTs are not the same as cryptocurrency. An NFT uses cryptocurrency to conduct the transaction. It uses the same blockchain technology that cryptocurrency uses but the asset is set up differently. Whereas a cryptocurrency coin can be traded or exchanged at equivalency, the NFT cannot. This is b...
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? NFT stands for "non fungible token". NFTs can be thought of as the certificate of ownership for any unique digital asset, be it a piece of art, a game, specific text, or even a meme. From video clips to gaming avatars, an NFT can take on many forms. To better...
What is an NFT? As we've mentioned, ‘NFT’ stands for non-fungible token, but what does that mean? If something is fungible that means it isn’t unique, it’s a commodity. Dollar bills are fungible, two bills of the same value are for all intents and purposes identical....
What in the NFT is a Crypto Kitty?!? Crypto Kittiesis an Ethereum based game. It involves buying, selling, and breeding cats that are each an NFT. In theory, this all sounds crazy. But countless games have digital currency or purchasable upgrades. While Crypto Kitties may be a fad of ...
NFT tokens are non-fungible. That means each Token is unique, and there is no other token like it. . Therefore, they can be traded for similar tokens or currencies, but no same token exists. It is like a unique piece of art created by an artist that will have no identical copy. Thi...
2. Choose an NFT marketplace:To convert your photo into an NFT you will need to mint into an NFT this is where an NFT marketplace comes. There are lots of NFT marketplaces to choose from. Each NFT marketplace has its pros and cons for sellers, so make sure you do your research bef...
The basic unit of the NFT is the token, which usually cannot be divided into smaller denominations, as a dollar might be divided into 10 dimes. However, fractional ownership of NFTs has been recently introduced by some platforms, such as Fractional. Fractional ownership allows an NFT to be ...
What is an NFT? 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 im...