One dollar is always one dollar regardless of the serial number on the specific dollar bill.

Non fungible token value. They are most commonly seen as a token on the Ethereum blockchain technology platform but they can be also found on platforms like EOS NEO and Cardano. Non-Fungible Tokens known as NFTs recently made headlines with sales of individual tokens valued at millions of dollars comparable to sales of fine art. NFTs are not a form of cryptocurrency but rather cryptographic tokens.

Christies a conventional auction house sold its first NFT the piece Everydays. The series is called How Non-Fungible Tokens Work. A one-dollar bill can be replaced by any other one-dollar bill.

Non-fungible tokens have indivisible unique value. Non-Fungible Tokens NFTs have garnered remarkable investor attention recently with some NFTs securing selling prices that may have seemed unthinkable for a non-fungible virtual asset. Because the tokens have unique identities non-fungible they can be bought or sold while reducing the risk of fraud.

Andrew Steinwold special presentation as part of Crypto Art Week 2020Accelerating the Emergence of the MetaverseBig thanks to Zima Red Podcasthttpstwitte. You can buy Bitcoin Ethereum and Litecoin through Coinbase. Watch Video on Bitchute.

Non-fungible is an economic term that you could use to describe things like your furniture a song file or your computer. This raises fascinating questions about value and scarcity with respect to blockchain technology through a prism of non-fungibility of a digital asset and this paper aims to draw attention to these. They are digital assets publicly verifiable and authenticated on a block chainWith NFTs people can own anything and store it on the block chain network making it impossible to steal or destroy.

In other words non-fungible tokens have no cash flow. Being in possession of an original piece of art is intriguing to humans. Non-fungible tokens NFTs are digital assets that exist in a specific form or pattern within their blockchain ecosystem.