What is NFT?
NFT means non-fungible tokens (NFTs), which are generally created using the same type of programming used for cryptocurrencies. In simple terms these cryptographic assets are based on blockchain technology. They cannot be exchanged or traded equivalently like other cryptographic assets.
The term NFT clearly represents it can neither be replaced nor interchanged because it has unique properties. Physical currency and cryptocurrency are fungible, which means that they can be traded or exchanged for one another.
The NFT world is relatively new to people. Here are some examples of NFTs that exist today:
- A Digital Collectible
- Domain Names
- Games
- Essays
- Sneakers in fashion line
- Phone numbers
AnacCode | Website| Twitter | Facebook
NFT means non-fungible tokens (NFTs), which are generally created using the same type of programming used for cryptocurrencies. In simple terms these cryptographic assets are based on blockchain technology. They cannot be exchanged or traded equivalently like other cryptographic assets.
The term NFT clearly represents it can neither be replaced nor interchanged because it has unique properties. Physical currency and cryptocurrency are fungible, which means that they can be traded or exchanged for one another.
The NFT world is relatively new to people. Here are some examples of NFTs that exist today:
- A Digital Collectible
- Domain Names
- Games
- Essays
- Sneakers in fashion line
- Phone numbers
AnacCode | Website| Twitter | Facebook