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fungible and non fungible tokens pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What are NFT non fungible tokens?

What Is an NFT? An NFT – non-fungible token – is a digital asset that represents a real-world object like, for example, the Charlie Bit My Finger video that sold for £500,000 back in May. NFTs are bought and sold online, frequently with cryptocurrency, and are generally encoded with the same underlying software as many cryptocurrencies.

What are NFTS used for?

NFTs can be described as ‘digital contracts that use blockchains to prove ownership of a particular digital asset, such as an image or a GIF’. Asked what sparked his interest in NFTs ...

What does non fungible mean in finance?

What Does Non-Fungible Mean? The ability of a physical or digital asset to be fungible means that the commodity can easily be interchanged for another type like it. For instance, one US dollar can be interchanged for another US dollar and still have the same value and non-uniqueness since they carry out the same function.

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