This means that digital media is reborn and begins its journey on a blockchain a decentralized digital ledger that is incorruptible unfalsifiable and indestructible.

What's nfts mean. Its generally built using the same kind of programming as cryptocurrency like Bitcoin or Ethereum but thats where the similarity ends. A fungible item is a commodity that is identical to others and is therefore interchangeable. And they were discussing non-fungible tokens or NFTs which utilize blockchain technology to distinctively identify digital things so that you can.

Smart contracts mint a piece of media known as Non-Fungible Token NFT. Fungible means interchangeable so it can be replaced by something of equal value. NFTs also allows for a flexible way to store control and protect the information related to ones.

Non-fungible tokens or NFTs are pieces of digital content linked to the blockchain the digital database underpinning cryptocurrencies such as. NFT stands for non-fungible token. NFTs stand to make markets more efficient secure and transparent.

But that takes us no closer to what it actually means. NFTs reduce friction privacy risks in financial markets. But there are plenty of sceptics who think it is all a bubble that is.

NFT stands for non-fungible token an admittedly ugly and clumsy phrase. Together these two forces can -- if properly implemented -- directly support the realization of a privacy-focused Internet and decentralized digital economy. And I mean I think as a data point all-time secondary sales so person-to-person trading of NBA Top Shot cards is 380 million which is pretty significant.

Non-fungible more or less means that its unique and cant be replaced with something else. An NFT cant be exchanged with a like entity the way one dollar bill is equivalent to another or. Some sell for astronomical sums.