Short NFT tale

“Non-fungible” basically indicates it’s one-of-a-kind and can’t be substituted with anything else.

NFT stands for Non-Fungible Token.

A bitcoin, for instance, is fungible, meaning you can exchange one for another and get precisely the identical thing.

A $1 note is fungible, meaning you exchange a $1 for a $1 and get the same thing.

A one-of-a-kind trade card, on the other hand, cannot be duplicated. NFT is this “one-of-a-kind” trade card. You’d get something altogether different if you swapped it for a different card.

For instance, an NFT-rized (lol…you checked your dictionary right?) photo album makes it unique attributing special and rare features to it. If swapped, will not have same value with an identical copy.

Popular NFTs are Crypto Punks, Bored Apes Yacht club, The Sandbox, Doodles, Cool Cats etc.

Yay! That’s all for now.

Smiles…