Martina
Fri Jul 19 2024
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5 answers
1107
What is NFT (non fungible token)?
Could you please elaborate on the concept of NFTs, or non-fungible tokens? I'm curious to know how they differ from traditional cryptocurrencies and what kind of applications they have in the real world. Specifically, what makes them 'non-fungible' and how do they enable unique digital assets to be owned and traded securely? I've heard of NFTs being used for art, music, and even real-estate transactions, but I'd like to gain a deeper understanding of their mechanics and potential implications in the broader cryptocurrency and financial landscape.
Giulia
Sat Jun 22 2024
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6 answers
1124
What is a non fungible token (NFT)?
Could you elaborate on the concept of a non-fungible token (NFT)? I've heard it mentioned in the crypto and digital art worlds, but I'm still a bit hazy on the specifics. Is it simply a digital asset that can't be replicated or is there more to it? Are NFTs unique in some way? How do they differ from traditional cryptocurrencies? Are there any specific use cases for NFTs that make them particularly valuable or appealing? I'd appreciate a clear and concise explanation of this emerging technology.
