Non-fungible token

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.

See also

• Bitcoin
• Blockchain
• Central bank digital currency
• Crypto-assets
• Cryptocurrency
• Cryptography
• Currency
• Digital asset
• Digital currency
• Distributed ledger
• Fungible
• Money
• Token