The meaning of NFT is.

Nft means. Medical Human Genome-- and more. An NFT is a digital asset that exists completely in the digital universeyou cant touch it but you can own it. It stands for nonfungible token Nonfungible meaning you cant exchange it for another thing of equal value.

Non-fungible more or less means that its unique and cant be replaced with something else. An NFT stands for a non-fungible token. People seems to be not understanding what an NFT stands for.

Most bitcoin is fungible which means that one coin is essentially indistinguishable from another and is. Decentralized meaning you and everyone else can verify you own something. Art GIFs Videos and sports highlights Collectibles Virtual avatars and video game skins Designer sneakers Music.

A Non-fungible token non not fungible interchangeable token voucher. This means that digital media is reborn and begins its journey on a blockchain a decentralized digital ledger that is incorruptible unfalsifiable and indestructible. Non-fungible tokens or NFTs are pieces of digital content linked to the blockchain the digital database underpinning cryptocurrencies such as bitcoin and ethereum.

Share NFT Medical Abbreviationpage. All without trusting or granting custody to a third party who can impose their own rules at will. For example a bitcoin is fungible trade one for another bitcoin and.

An NFT can be any type of digital file. In economics a fungible asset is something with units that can be readily interchanged - like money. An artwork an article music or even a meme such as Disaster Girl the original photo of which sold for 500k earlier this year.