A non-fungible token NFT on the blockchain is a token that represents a unique asset either digital or physical.

What are non fungible tokens reddit. For example you can exchange one Bitcoin for any other Bitcoin. CryptoKitties is a game in which you can raise and trade digital cats. Tokens are available in various types created on different blockchain networks.

NFT can be an artifact any digitally created art etc. NFTs are cryptographic assets on a digital ledger called the blockchain. If not check out this post to know more.

However like cryptocurrencies you cannot trade or exchange them equivalently. Which can be investment products collectibles art or any other product of significant value. NFT or Nun-fungible tokens are known for their uniqueness.

They contain identifying information recorded in smart contracts Blockchain and cant be duplicated or divided. However you cannot readily exchange a unique non-fungible asset for something equivalent. NFTs are tokens that we can use to represent ownership of unique items.

A NFT non-fungible token is a special cryptographically-generated token that uses blockchain technology to link with a unique digital asset that cannot be replicated. The tokens belong to a certain dapp decentralized app. You can exchange a fungible asset for goods or assets of the same kind.

They can be used to represent both tangible and intangible items. Each CryptoKitty is a non-fungible token. What are Non-fungible Token NFTs.