Fungible means something that something can be exchanged or replaced and has the same value in.

What is a non fungible token in music. Non-fungible tokens NFTs are all the rage in the music industry right now. However like cryptocurrencies you cannot trade or exchange them equivalently. That certifies a digital asset to be unique and therefore no interchangeable.

A non-fungible token NFT is a unique digital token developed using blockchain technology. You cant touch it bu. NFTs are non-fungible token which is a unique digital item but a virtual entity that cannot be owned by anyone else.

Examples of digital items include digitized documents and digital files images and other media files such as audio or music and videos and digital artworks among others. A non-Fungible Token is a virtual asset based on blockchain technology representing something unique and collectible. The Non-Fungible Tokens Beginners Guide Non-fungible tokens or NFTs are digital assets that are indivisible and provably unique.

NFTs are cryptographic assets on a digital ledger called the blockchain. Non fungible simply means non replaceable. It is a special type of cryptographic token which represents somethings which are unique.

The NFTs are digital assets that are unique creating digital scarcity. As the name suggests NFTs are not fungible they are one-off certificates or tokens of a particular thing that can theoretically be traded but not recreated a bit like buying an. DJs like 3LAU and Steve Aoki have sold theirs for seven-figure sums.

For example there is only one authentic Mona Lisa. Moreso NFTs indicate a wide variety of tangible and intangible items. It is a unit of data store on a digital ledger called a blockchain.