NFT- Non Fungible Token
Non-fungible token Non-fungible” more or less means that it’s unique and can’t be replaced with something else. If you traded it for a different card, you’d have something completely different. An NFT is worth what someone is willing to pay for it A special kind of crypto asset, one that is nonfungible, meaning provably unique. Example Twitter’s founder transforming the first tweet into an NFT and putting it up for sale. NFT of a New York Times column earning half a million dollars for charity. Working NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency When you pay for an NFT, what you get is the right to transfer the token to your digital wallet. The token proves that your copy of a digital file is the original, like owning an original painting. Your private crypto key is proof of ownership of the original. The content creator’s public crypto key serves as a certificate of authenticity for that particular digital artifact. As it...
