Cryptocurrency is fungible — meaning you can trade one bitcoin for another and you’ll have the same thing with the same value. (The same thing goes for other types of currency, like dollars.) Because NFTs are non-fungible, each one has its own value. It’s important to understand that...
The term “whitelist” is the opposite of “blacklist”. The term Whilelist comes from the field of network security and implies that it is secure with permission and authorization. In the NFT world, whilelist has a more specific meaning. In the NFT domain, a whitelist is a wallet address...
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NFTs can be scarce, and that's one reason driving their value. Though developers can generate as many assets as they like, it is equally within their power to limit the number of NFT for scarcity. Uniqueness NFTs are also unique because no two NFTs are the same — they're not interchang...
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, who is minting money with them and what about taxes? Learn about NFTs and what NFTs mean for sports business.
A cryptocurrency (crypto) is a digital asset that can be used as a means of payment without intermediaries on the financial market.
Anyone can create an NFT. All that’s needed is a digital wallet, a small purchase of ethereum and a connection to an NFT marketplace where you’ll be able to upload and turn the content into an NFT or crypto art. Simple, right?
What Is the Meaning of Fungible? Fungible means that an item, asset, or commodity can be replaced with something of like kind when fulfilling a contract or paying a debt. Interchangeable goods are fungible; unique goods are non-fungible. ...
meaning that they can be traded or exchanged, one for another. For example, onebitcoinis always equal in value to another bitcoin on a given exchange, similar to how every dollar bill of U.S. currency has an implicit exchange value of $1. This fungibility characteristic makes cryptocurrencies...