If you are looking for non-fungible token art then you have come to the right place.

What is non fungible token artwork. They can be used to represent both tangible and intangible items. It is worth taking a look at the distinction between fungible and non-fungible to fully understand. A non-fungible token is a cryptographic token that represents a unique asset with blockchain-managed ownership.

The acronym of Non-fungible Token is NFT. This article ranks the 12 best NFT art marketplaces and explains what crypto art is all about. Its generally built using the same kind of programming as cryptocurrency like Bitcoin or Ethereum but.

Modern finance systems consist of sophisticated trading and loan systems for. Their value comes from how rare they are which is why some are going for millions a piece. Non-fungible tokens NFTs arent like cryptocurrencies even though they are a digital asset.

They contain identifying information recorded in smart contracts Blockchain and cant be duplicated or divided. NFTs contain unique identification codes and metadata which distinguish them from each other. Examples of these assets include collectibles in-game items art digital assets real-world assets like equity or real estate and much more.

Thats in contrast to cryptocurrencies like bitcoin which are exchangeable in nature. Non-fungible tokens are tokens that are non-fungible meaning that they are unique and cannot be replaced. NFTs are built on blockchain technology making them very secure.

However like cryptocurrencies you cannot trade or exchange them equivalently. The NFTs are digital assets that are unique creating digital scarcity. NFT stands for non-fungible token.