Non-fungible token: Difference between revisions
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* [[Distributed ledger]] | * [[Distributed ledger]] | ||
* [[Fungible]] | * [[Fungible]] | ||
* [[Intangible assets]] | |||
* [[Money]] | * [[Money]] | ||
* [[Tangible asset]] | |||
* [[Token]] | * [[Token]] | ||
Latest revision as of 14:45, 16 December 2021
Crypto-assets.
(NFT).
A non-fungible token is a digital token - stored on a blockchain - that certifies a digital asset to be unique.
The best-known, and most expensive, NFTs have related to works of art.
The difference between an NFT and a cryptocurrency is that units of the cryptocurrency are fungible (interchangeable) and each of equal value.
NFTs are - by definition - unique and not interchangeable.
Accordingly, each NFT can have a different value.
