A non-fungible token NFT is a unit of data stored on a digital ledger called a blockchain that certifies a digital asset to be unique and therefore not interchangeable.

What is non fungible tokens. NFT or Non-Fungible Token is a digital asset on the blockchain with a unique identifier number and other meta-data. This video on What is NFT covers all the important concepts of NFTs like What are NFTs What are Non-Fungible Tokens how do NFTs work how are NFTs diffe. With money you can swap a.

Unlike cryptocurrencies that also use the blockchain network for ownership verification one NFT cannot be directly exchanged with another NFT. Because they cannot be replicated they represent something unique and special. This is opposite to the cryptocurrencies such as bitcoin.

Non-fungible tokens or NFTs are digital assets that are indivisible and provably unique. NFT stands for non-fungible token. You cant touch it bu.

Non-fungible tokens are immensely powerful tokens that allow flexible methods to represent non-fungible assets on a blockchain. The NFTs are digital assets that are unique creating digital scarcity. An easy-to-understand example of a non-fungible resource is a car.

These tokens are not mutually interchangeable. Suppose that both Bob and Alice have cars of the same make model. Non-fungible tokens are not fungible meaning that each one is unique.

It is a special type of cryptographic token which represents somethings which are unique. NFTs can be used to represent items such as photos videos audio and other types of digital files. Blockchain technology provides countless usabilities and aims to change the world as we know it.