Non fungible tokens are basically the representation of a unique item that is stored on the blockchain. It can be something as simple as a MS paint drawing or something much more complex. NFTs are different than digital currencies like Bitcoin because they are completely unique and there is only one available. NFTs can be used in many different ways, such as currency in a game or just as a way to express your identity. NFTs are also expected to become collectible items as well.
Key Takeaways:
- A non fungible token is a unique item that is sotred on the blockchain and can be something like a digital drawing.
- An NFT can be used in many different ways, such as currency for a game or as a way to express yourself.
- NFTs are different than digital currencies like Bitcoin because every single NFT is different and unique.
“Irrespective of your level of experience in the NFT world, this guide will help you become even more knowledgeable in the intricacies of NFTs.”
Read more: https://coinmarketcap.com/alexandria/article/introduction-to-non-fungible-tokens
Leave a Reply