a : a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it) what mr. estavi bought wasn't the tweet itself, but a non-fungible token, or nft, giving him a certificate …
A digital artifact that reflects real-world assets such as art, music, in-game goods, and videos is known as an NFT. They’re purchased and sold digitally, sometimes with cryptocurrency, and they’re mostly encoded with the same program as many other cryptos.
Digital Asset - NFT is a digital asset that represents Internet collectibles like art, music, and games with an authentic certificate created by blockchain technology that underlies Cryptocurrency. Unique - It cannot be forged or otherwise manipulated. Exchange - NFT exchanges take place with cryptocurrencies such as Bitcoin on specialist sites.
Now, in order to discuss what is NFT, the very first thing that we need to get out of the way is the term “ non-fungibility ”. While it may sound difficult, it’s actually pretty simple to understand. Non-fungibility is a fancy way of saying “ uniqueness ”. The term NFTs itself stands for “ non-fungible tokens ”.
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