Federal and Non-fungible token: Difference between pages
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''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 == | == See also == | ||
* [[ | * [[Bitcoin]] | ||
* [[ | * [[Blockchain]] | ||
* [[ | * [[Central bank digital currency]] | ||
* [[ | * [[Crypto-assets]] | ||
* [[ | * [[Cryptocurrency]] | ||
* [[ | * [[Cryptography]] | ||
* [[ | * [[Currency]] | ||
* [[ | * [[Digital asset]] | ||
* [[ | * [[Digital currency]] | ||
* [[Distributed ledger]] | |||
* [[Fungible]] | |||
* [[Intangible assets]] | |||
* [[Money]] | |||
* [[Tangible asset]] | |||
* [[Token]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
[[Category:Investment]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
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.
