Tuesday, January 24, 2023

What is a nft?

What is an NFT? What does NFT stand for?

Non-fungible token.

That doesn’t make it any clearer.

Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing.

A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls "the Mona Lisa of baseball cards” (I’ll take their word for it.)

How do NFTs work?

At a very high level, most NFTs are part of the Ethereum blockchain, though other blockchains have implemented their own version of NFTs. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also keeps track of who’s holding and trading NFTs.

Today's Hashtags [These help this article to be found]

                1.        #NFT
                2.        #AFL
                3.        #Ukraine
                4.        #Cricket
                5.        #A.O.Tennis
                6.        #I.R,Strife
                7.        #BoatingDeaths
                8.        #Sharks
                9.        #WomensSport
                10.       #Wildcats

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