Crypto Dictionary

Official NFT - Non-Fungible Token Definition

"A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.[1] The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create.[2] NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible."

Source: Wikipedia - Non-fungible token - Wikipedia


We Know Cryptos NFT Non Fungible Token Definition

A digital item, such as art that is one of a kind and has code embedded inside to prove who owns it and that its the real thing.


Simple NFT  Non-Fungible Token Definitions

Stick to drawing art on a paper napkin at the takeaway. If you dont understand by now, then NFT means "Not For Touching" in your case. Stay clear

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