Non-Fungible Token (NFT)-english
Non-Fungible Token (NFT): What It Means and How It Works- INVESTING CRYPTOCURRENCY Non-Fungible Token (NFT): What It Means and How It Works By RAKESH SHARMA Updated June 22, 2022 Reviewed by DORETHA CLEMON Fact checked by PETE RATHBURN Non-Fungible Token (NFT) Investopedia / Julie Bang What Is a Non-Fungible Token (NFT)? Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions. KEY TAKEAWAYS NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent real-world items like artwork and real estate. "Tokenizing" these real-world tangible assets makes buying, selling, and trading them...