Non-fungible token
From ACT Wiki
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 - not interchangeable.
Accordingly, each NFT can have a different value.
See also
- Altcoin
- Bank of England
- Bitcoin
- Blockchain
- Central bank digital currency
- Crypto-assets
- Cryptocurrency
- Cryptography
- Currency
- Digital asset
- Digital currency
- Distributed ledger
- Ether
- Fiat currency
- Fungible
- Gold standard
- Libra
- Money
- Ripple
- Token
