Non-Fungible Tokens are a direct product of the blockchain explosion. No matter how intimately you plan on getting involved with NFTs, you need some understanding of blockchain and cryptocurrencies to follow along on NFTs. "Token" comes directly from the crypto space, and "fungible" is a jarg...
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This definition will help you understand how the Internet functions and why it has become an essential aspect of modern life. Techopedia Explains the Internet Meaning The terms Internet andWorld Wide Web(WWW) are often used as synonyms, but technically they are not the same thing. In simple te...
A commodity is considered a physical item that is fungible. Fungible means that one item is interchangeable with another, regardless of its origin or manufacturer. An example of a fungible commodity is coal. One ton of coal is equivalent to any other ton of coal, regardless of where it was...
What is Web 3.0 (Web3)? Definition, guide and history Which also includes: 10 core features of Web 3.0 technology 8 top Web 3.0 use cases and examples The DeFi model also includes the notion of decentralized exchanges (DEXs) that operate with the purpose of helping to connect and enable ...
"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: Abbreviation Guessability: 5: Extremely difficult to guess Typical Users: Adults and Teenagers Second definition of NFT "No Furt...
What is Metaverse? Definition of Metaverse: Refers to a shared persistent virtual world environment where people can interact just like in the real world.
This is achieved through secure communication called cryptography, which ensures that transactions are both irreversible and secure. This article provides a comprehensive introduction to cryptocurrency, covering the basics, including the definition of cryptocurrency, the history of cryptocurrency, how cryptocurr...
Acommoditymust be fungible before it can be traded on a commodities exchange. A specific grade of commodity, such as No. 2 yellow corn, is a fungible good because it does not matter where the corn grew; it is essentially the same product. All corn designated as No. 2 yellow corn is w...
Fungibility implies that two things are identical in specification. Individual units can be mutually substituted. Specific grades of commodities such as No. 2 yellow corn are fungible because it does not matter where the corn was grown. All corn that's designated as No. 2 yellow corn is worth...