Currently NFTs are the trending hot topic of the crypto world.

Non fungible tokens explained simply. Before I get to NFTs lets talk about collectors of historical artifacts. In this article we will learn what non-fungible tokens are and some of the advantages that they have. Lets go a bit further but not much than a token than can funge.

The process of creating NFTs along with buying and selling them is simple and straightforward. If I have 10 Ether in my cryptowallet I can try to send 10 Ether to one address and simultaneously 10 Ether to another address ignore gas fees but the Ethereum protocol will catch my attempt to double spend and invalidate one or both payments. Non-Fungible Tokens Simply Explained.

Non-fungible tokens leverage blockchain technology to convey true ownership of digital assets. All thats required is. This means that digital media is reborn and begins its journey on a blockchain a decentralized digital ledger that is incorruptible unfalsifiable and indestructible.

Photo by Executium on Unsplash. But non-fungible tokens precisely because they are non-fungible cannot be controlled in the way that fungible cryptocurrency can. Some interchangeably refer to ERC-721 tokens simply as non-fungible tokens NFTs although there are other subsets of NFTs as well.

Explained in Simple Language Non-Fungible Tokens. Words are my weapons my muses and my life so I always go first to the source. If an item is fungible this means that it can easily be replaced by something identical.

In Part 3 Fickser demonstrates the do-it-yourself minting of NFTs. They are strange and expensive. Note that it is based on the same digital ledger technology called blockchain that forms the foundation of cryptocurrencies such as Bitcoin and Ethereum.