For information on SDKco NFT Capsules, please click HERE
What is an NFT?
A non-fungible token, or (NFT) is a unique digital asset that represents ownership of real-world items like art, video clips, music, and more. NFTs use the same blockchain technology that powers cryptocurrencies, but they're not an actual currency.
What does ‘Fungible mean?”
(of goods contracted for without an individual specimen being specified) able to replace or be replaced by another identical item; mutually interchangeable.
What is a good example of a fungible good?
Commodities, common shares, options, and dollar bills are examples of fungible goods. Assets like diamonds, land, or baseball cards are not fungible because each unit has unique qualities that add or subtract value. In finance and investing, commodities, common shares, options, and dollar bills are examples of fungible goods.
What are non-fungible tokens?
Non-fungible token. A non-fungible token (NFT) is a special type of cryptographic token which represents something unique; non-fungible tokens are thus not interchangeable. This contrasts with cryptocurrencies like bitcoin, and many network or utility tokens that are fungible in nature.
What does non-fungible mean?
Nonfungible, meaning 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.
Still need help? Contact us HERE