Non-fungible token: Difference between revisions
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The difference between an NFT and a cryptocurrency is that units of the cryptocurrency are fungible (interchangeable) and each of equal value. | 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 - not interchangeable. | NFTs are - by definition - unique and not interchangeable. | ||
Accordingly, each NFT can have a different value. | Accordingly, each NFT can have a different value. | ||
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== See also == | == See also == | ||
* [[Bitcoin]] | * [[Bitcoin]] | ||
* [[Blockchain]] | * [[Blockchain]] | ||
| Line 28: | Line 26: | ||
* [[Digital currency]] | * [[Digital currency]] | ||
* [[Distributed ledger]] | * [[Distributed ledger]] | ||
* [[Fungible]] | * [[Fungible]] | ||
* [[Money]] | * [[Money]] | ||
* [[Token]] | * [[Token]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 14:25, 2 August 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.
