A Non-fungible token non not fungible interchangeable token voucher.

Nft means. Share NFT Medical Abbreviationpage. From the NBA to NFL and across the pond to the EPL the wide world of sports is taking notice of the growing NFT trend. Business International Business.

NFTs are distinct easily verifiable digital assets that can represent items from virtual real estate to cherished moments in NBA history. National Foundation for Transplants. For example the Australian dollar and Bitcoins are both fungible.

Non-fungible tokens or NFTs are pieces of digital content linked to the blockchain the digital database underpinning cryptocurrencies such as bitcoin and ethereum. Most bitcoin is fungible which means that one coin is essentially indistinguishable from another and is. For example a bitcoin is fungible trade one for another bitcoin and.

Fungible describes something that can be directly replaced or traded. NFTs Disrupt Sports World What This Means for Athletes We use cookies to improve your experience. An artwork an article music or even a meme such as Disaster Girl the original photo of which sold for 500k earlier this year.

In other words owning an NFT is owning a piece of the internet. In economics a fungible asset is something with units that can be readily interchanged - like money. This means that digital media is reborn and begins its journey on a blockchain a decentralized digital ledger that is incorruptible unfalsifiable and indestructible.

Smart contracts mint a piece of media known as Non-Fungible Token NFT. The meaning of NFT is. Art GIFs Videos and sports highlights Collectibles Virtual avatars and video game skins Designer sneakers Music.