What Does NFT Mean?

Have you ever wondered what the popular phenomena NFT stands for? Well look no further, it stands for “non-fungible token.”

Non-fungible, means that you can’t exchange it for another thing of equal value. A $10 bill can be exchanged for two $5 bills. One bar of gold can be swapped for another bar of gold of the same size. Those things are fungible. An NFT, though, is one of a kind.Article continues after sponsor message

The token refers to a unit of currency on the blockchain. It’s how cryptocurrency like Bitcoin is bought and sold.

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