NFTs, or nonfungible tokens, have been a thing for a while now, but what’s is it really. Explore how NFT works and more.
The term nonfungible token (NFT) usually refers to a cryptographic asset on the blockchain that represents an intangible and unique digital item like a piece of art, a photo, an in-game collectible, or a tweet that other assets cannot replace because it has a set of exceptional properties.
Nonfungible tokens, or NFTs, are an evolution in the cryptocurrency space and a step forward in the reinvention of modern finance and other industries.
Cryptocurrencies and physical money are both "fungible," meaning they may be traded or exchanged for one another. Non fungible simply indicates that anything is one-of-a-kind and cannot be traded for another.
Nonfungible tokens (NFTs) have taken over the world of crypto. But what makes some of them so valuable while others are worth nothing? And where can people buy them? This article covers these questions and more.
