Turns out yes there can.

Non fungible tokens are stupid. Non-fungible tokens NFTs are digital tokens that enable true ownership over any digital asset - song artwork or a moment in sports. You cant touch it bu. CryptoKitties collectibles were some of the first non-fungible tokens.

You can think of them as collectible items. What are they and what do they mean for patents. Part of a concert ticket wouldnt be worth anything on its own and would not be redeemable.

Cue tech experts oh and economics and language experts and probably anyone under the age of 25 calling me stupid here but I am definitely not alone. What Is a Non-Fungible Token. Non-fungible assets are unique and cant be used for easy exchange if you own a house it would be your largest non-fungible asset Tokens are a.

One NFT cannot be exchanged for another NFT because each token possesses a digital signature or represents a unique property that makes it non-equivalent to another. Because they cannot be replicated they represent something unique and special. NFTs are cryptographic assets on a digital ledger called the blockchain.

In other words non-fungible tokens hold high security and value. 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. This makes them different from fungible tokens like.

Non-fungible tokens are not divisible in the same way that you cannot send someone part of a concert ticket. More recently Sir Tim Berners-Lee sold an NFT that included the original source code for the world wide web. But behind the hype news stories and media attention NFTs are also just another application of.