Cryptocurrency Q&A
What does NFT mean?
What does NFT mean?
WhisperWind
Thu Dec 26 2024
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6 answers
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NFT, short for Non-Fungible Token, represents a unique and non-interchangeable digital asset based on blockchain technology. It can be used to represent ownership of digital items such as art, music, or virtual goods, and provides a way to authenticate and verify the scarcity and uniqueness of these assets.
6 answers
Federico
Fri Dec 27 2024
Each NFT comes with a digital signature, a unique identifier that sets it apart from other tokens.
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StarlitFantasy
Fri Dec 27 2024
NFT stands for "Non-Fungible Token".
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Maria
Fri Dec 27 2024
This term denotes something that is unique and cannot be replicated.
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BitcoinWizardry
Fri Dec 27 2024
This digital signature ensures that each NFT is one-of-a-kind and cannot be replicated or replaced.
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CoinMasterMind
Fri Dec 27 2024
In contrast to physical currencies and cryptocurrencies, which are fungible and can be traded or exchanged interchangeably, NFTs are inherently distinct.
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