No worries keep reading.

What does nft video meaning. OK so we might have spoiled it in the title - NFT stands for non-fungible token but knowing what it stands for isnt the same as knowing what. What does it mean. Most bitcoin is fungible which means that one coin is essentially indistinguishable from another and is.

Okay that just complicated it further didnt it. An NFT is a digital asset that represents real-world objectives like art music in-game pieces and videos. NFT stands for non-fungible token.

Lets start with the basics of NFT. NFT Stands For. In other words owning an NFT is owning a piece of the internet.

A digital artifact that reflects real-world assets such as art music in-game goods and videos is known as an NFT. NFT is used with the meaning Non-Fungible Token to refer to a unique entry on a blockchain the same decentralized digital ledger technology that underlies cryptocurrencies like bitcoin. What does fungible means.

Art GIFs Videos and sports highlights Collectibles Virtual avatars and video game skins Designer sneakers Music. NFT stands for Non-fungible token. They are bought and sold online routinely with cryptocurrency and they frequently encode with the same underlying software as numerous cryptos.

The unique identity and ownership of an NFT is verifiable via the blockchain ledger. It is a digital asset on a blockchain with unique identification codes and metadata. Non-fungible more or less means that its unique and cant be replaced with something else.