The First 5000 Days the digital artwork.

Non fungible token vs crypto. One example of a token is the Basic Attention Token or BAT. Fungible tokens are generally ERC-20 compliant while Non-Fungible tokens are ERC-721 and recently emerging ERC-1155 compliant tokens. Today NFTs have been used to represent many things apart from artworks including items like digital collectibles in-game assets and music materials among others.

Tokens are built on an existing blockchain and while they arent currency they can represent other fungible and non-fungible items of value like points coins or even a piece of artwork. Kitties in CryptoKitties and cards in Gods Unchained. Zij maken altijd gebruik van de blockchain van een ander crypto project.

Powered by ERC-721 an Ethereum-based indivisble smart contract a non-fungible token is a cryptographic token that is unique for individual intellectual property tracing Non-Fungible tokens are digital assets written on smart contracts. However ńon-fungible tokens NFTs are a more diverse asset class that could have much more impactful use cases than native blockchain tokens or other fungible tokens. NFTs are like real world items of some value.

In other words an NFT is a token that is unique and cannot be replaced. Non-fungible stands for the uniqueness that every NFT has and the fact that they arent replaceable. Make sure to familiarize yourself with the differences between Non-Fungible and Fungible tokens which are shown below.

ETH and ZRX and ERC-721 tokens are a popular standard for non-fungible tokens ex. In the Ethereum network ERC-20 tokens are a popular standard for fungible tokens ex. Il dépend donc dune cryptomonnaie et de lécosystème qui lui est associé Le niveau de fongibilité de ce jeton.

As mentioned before NFT is short for Non-fungible tokens. Non-fungible tokens NFT are blockchain-based digital assets that are designed to function as a counterpart of any asset. In tegenstelling tot cryptomunten hebben crypto tokens geen eigen blockchain.