What is an NFT? the simplest terms.

 

What is an NFT?  the simplest terms.

I will describe what nft is in the simplest terms.

 i can nft token non-fungible meaning something can be exchanged or exchanged and will hold the same value as redeemable like gold dollar casino chips bitcoin ethereum or frequent flyer loyalty points if i lend you 10 cash and come back to me i have two five dollar bills i'm fine with That is because although they are different, they have the same total value.


They are exchangeable, so obviously non-fungible means it is an asset that cannot be exchanged, and it has unique attributes that make it different from something else in the same asset class as a theatrical ticket fee, Home or video game,brand or crypto kitty, which was the first real use case to be launched on the ethereum blockchain in 2017.

what-is-nft


Some of these assets are physical and tangible and some are digital and intangible, so nfts is a non-fungible token that denotes A digital certificate stored on a secure, distributed database called a blockchain so nfts are digital assets that can be publicly verifiable as intellectual property and validated on the blockchain, which is a popular place to browse a variety of nfts currently. 


Funding for virtual earth gaming holdings for digital arts and much more I thought this was worth explaining because I think we will be talking a lot about this in the coming years.

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