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For example 1 Golem-ERC20 token is identical to another Golem token.
What are non-fungible tokens (nft). Hence non-fungible tokens are digital representations of unique one-of-a-kind assets that cannot be replicated. As NFTs are not identical to each other they may act within the digital domain as evidence of authenticity and ownership. Those attributes are baked into the smart contract.
A non-fungible token NFT is a type of cryptographic token that refers to a specific object on a blockchain. A non-fungible token is a kind of cryptographic token that is unique indivisible and non-interchangeable. Fungible Vs Non-Fungible Tokens.
In economics a fungible asset is something with units that can be readily interchanged - like money. An NFT can be anything that you can think of drawings animation music videos even virtual in-game items. The token itself has no value.
A non-fungible token is a token that is unique to itself and therefore not interchangeable. Non-fungible tokens have unique attributes that make each individual token fully unique. NFT stands for non-fungible token and NFTs are a way of proving ownership over digital goods.
A unique piece of artwork however is non-fungible. These things are not interchangeable for other items because they have unique properties. Non-fungible tokens or NFTs are digital assets that are indivisible and provably unique.
Although most NFTs rely on the ethereum blockchain a few alternatives have appeared in. Non-fungible tokens are tokens that are non-fungible meaning that they are unique and cannot be replaced. Non-fungible tokens NFT are blockchain-based digital assets that are designed to function as a counterpart of any asset.
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