Weve seen a major trend towards collecting and displaying these from profile pictures to.

What is an nft. An NFT is a digital asset that represents real-world objects like art music in-game items and videos. It represents many unique digital assets from collectors items to virtual shoes from virtual game content to digital properties. Fungible describes something that can be directly replaced or traded.

An NFT can represent anything from digital art music photos files keys code contracts collectibles or real estate. None of that made sense. When you put up your artwork or music or any digital thing as an NFT you can publish just one edition or a couple or a whole bunch of them.

An NFT is a digital asset that exists completely in the digital universeyou cant touch it but you can own it. NFTs are produced using blockchain technology mostly with Ethereum token standards. Non-fungible means its irreplaceable unique.

Theyre strictly digital assets made up of unique lines of code that are stored on something called the blockchain which is like an immutable digital ledger or a receipt written in stone. They are bought and sold online frequently with cryptocurrency and. And why are people suddenly spending millions on them.

Recently the general pub. There are some token standards. An NFT stands for a non-fungible token.

An NFT or non-fungible token is a specialized set of data that defines an image animation websi t e or any other kind of data out there that we can cram into a code. In economics a fungible asset is something with units that can be readily interchanged - like money. NFT is a digital representation of a real-world asset.