Non-Fungible Token (NFT)

Home / Glossary / Non-Fungible Token (NFT)

Non-Fungible Token (NFT)

A digital asset known as an NFT is a representation of a real-world item, such as artwork, music, in-game goods, or films. They are regularly purchased and traded online in exchange for cryptocurrencies, and they are typically encoded using the same software as many other cryptos.

The main difference between NFT and crypto tokens is that NFTs can’t be traded or exchanged at equivalency as each NFT is a unique asset.

My Newsletter

Sign Up For Updates & Newsletters