![]() if you trade it for another house, you get something completely different from what you have. Non-fungible more or less means that it’s unique and can’t be replaced with something else. Now, start with the introduction to NFTīITCOINS have helped create a new world of digital currencies and now all attention to something new is arising, non-fungible tokens or NFTs.Ī non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable.NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work ( wikipedia) So, what does non-fungible token or NFT mean? When cryptocurrencies become mainstream, you may be able to use them to pay for stuff electronically, just like you do with traditional currencies. dollar digitally, but that’s not quite the same as how cryptocurrencies work. ![]() You can transfer your traditional, non-crypto currency money like the U.S. 10 What are the benefits of NFT art? First, let’s see what is Cryptocurrency ?Ī cryptocurrency is a new form of digital money.
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