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.


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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