Im the idiot who keeps minting CNN NFTs on their hit-or-miss platform so this sort of thing interests me.

What is nft ring. Essentially NFTs are tokens used to prove ownership of unique items - allowing people to tokenize anything from art collectibles and even wedding rings. In comparison fungible tokens are identical sets of assets that can be stacked on top of each other with no ability to tell one from another. NFT stands for non-fungible token.

The sale netted the team more than 2 million and sold 327 NFTs. Every NFT like every cryptocurrency coin has a unique identifier that anyone can use to track its ownership history on a public blockchain. The winning bidder on the 1-of-1 Six-Time NBA Championship NFT will receive a one-of-a-kind physical ring created by jeweler Jason of Beverly Hills and receive the ring on-court at a future.

A non-fungible token NFT is a unit of data stored on a digital ledger called a blockchain which can be sold and traded. A non-fungible token is a digital certificate of authenticity and credibility that you own something collectively known as the blockchain. Warriors didnt stop at just selling their collectibles but decided to reward their fans with an exceptional experience.

I know fungible is a ridiculous-sounding word. They cannot be swapped because no two NFTs are the same. What is an NFT.

Simply put these digital. The collection contained many custom artworks but the big items were digital and physical NBA championship rings. Think of it like the haute couture of currency.

If you go back to the 69 million artwork you can view the origin wallet address and the NFTs smart contract address. Basically it means interchangeable Like if we swapped quarters wed both still have 25 cents. NFT stands for non-fungible token Excuse me.