What does NFT mean?

NFT meaning and definition NFT stands for ‘non-fungible token’. Non-fungible means that something is unique and can’t be replaced. By contrast, physical money and cryptocurrenciesare fungible, which means they can be traded or exchanged for one another. Every NFT contains a digital signature which makes each one unique.

Is the Owls NFT project getting a new meta?

The Owls NFT Project seems to have even created a new meta in NFTs. For example, there are now at least a dozen derivative projects featuring other animals made from ASCII art, most notably Foxes and Cats both saw decent volume over the weekend. Who is Behind the Project?

What are non-fungible tokens (NFTS)?

NFTs, non-fungible tokens, are unique digital assets that are indivisible, verifiable on a blockchain, and cannot be duplicated or counterfeited. You can check out our in-depth non-fungible token explainer to learn more about NFTs.

What are NFT collections?

NFT collections are created when artists collaborate to launch a series of NFTs (issued and sold in digital forms like videos, music, and tweets). These items are stored individually on the blockchain. And each unique digital art has metadata that contains the artist's name, creation date, title, and other relevant information.