What is an NFT?
NFT stands for Non Fungible Token.
Fungible means something is able to be exchanged or substituted and will hold the same value. It's interchangeable like the dollar, gold, casino chips, bitcoin, ethereum or frequent flyer loyalty points.
If I lend you 10 dollars cash and you return to me two 5 dollar bank notes, I'm fine with that because even though they are different, they hold the same total value.
So non-fungile obviously means it's an asset that can't be substituted. It has unique attributes that makes it different from something else in the same asset class. Like a painting, a theatre ticket, a house, a video game skin, a trademark or a CryptoKitty which was the first real use case to take off on the Ethereum blockchain in 2017.
Some of these assets are physical and tangible and others are digital and intangible.
So NFTs are non-fungible tokens. 'Token' refers to a digital certificate stored on a secure distributed database called a blockchain.
NFTs are digital assets. Publicly verifiable intellectual property authenticated on a blockchain.
A popular place to currently browse a variety of NFTs is on http://OpenSea.io
It's an exciting space, I believe the NFT space will continue to grow in the coming years with some popular use cases being: Digital Art, Virtual Land, Gaming, Collectibles, Finance and much more.
-
44:37
Squaring The Circle, A Randall Carlson Podcast
1 day ago#013 The Cosmos Speaks: The Tunguska Impact Event Pt.3
1.99K5 -
29:00
Degenerate Plays
1 day agoEvil Lord Of The Rings Be Like... - Call Of Duty Modern Warfare Remastered : Part 15
147 -
5:50
Chris Jericho
21 hours agoTalk Is Jericho Highlight: Steven Rosen’s 26-Year Friendship with Edward Van Halen
646 -
12:27
GameLeap RAID Shadow Legends
13 hours ago7 RARE CHAMPIONS You MUST LEVEL (New) - Raid: Shadow Legends Tier List
51 -
22:16
MedigapSeminars
1 day agoWhat Does Medicare Cover?
271 -
1:45:22
Bright Insight
15 hours agoDisturbing Olympic Ceremony & Ancient Baalbek – Saturday Night LIVESTREAM
83K360 -
LIVE
Right Side Broadcasting Network
3 days agoLIVE REPLAY: President Trump and JD Vance Hold a Rally in St. Cloud, Minnesota - 7/27/24
5,787 watching -
33:12
Stephen Gardner
16 hours ago🔴BREAKING: Trump JUST SHOCKED the Nation with New Plan!
117K588 -
9:48:24
Bitcoin Magazine
4 days agoBitcoin 2024 Conference Nashville | General Day 2 (07/27)
520K493 -
4:02:49
Right Side Broadcasting Network
4 days agoLIVE REPLAY: President Trump Delivers Remarks at Bitcoin Conference in Nashville - 7/27/24
386K186