NFT / Non-Fungible Token


NFT, which stands for Non-Fungible Token, refers to a type of cryptographic token that’s unique and non-mutually interchangeable used to create verifiable ownership of digital assets such as crypto art and other crypto-collectibles. Using blockchain technology, typically through Ethereum, NFTs are a direct contrast to fungible cryptocurrencies like Bitcoin or other network and utility tokens. NFTs were first deployed to the Ethereum blockchain in late 2015 and were popularized through blockchain games like CryptoKitties. In early 2021 following the sale of a Nyan Cat NFT for over half a million dollars, the term became widely discussed and interest in the crypto art space grew considerably.

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