For the occasional reader a small translation of what NFT stands for would be great. I googled a little but no luck.
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For the occasional reader a small translation of what NFT stands for would be great. I googled a little but no luck.
Hi there,
NFT stands for Non-Fungible token. It is a type of token where each token is unique. For example, dollars are fungible because if I have a dollar and you have a dollar, they are equal and could be swapped without any of us making a fuss. A non-fungible token has properties that make each token unique and therefore each token can have a different value.
I hope this cleared it up for you, if not, feel free to let me know and I'll get another member of the team to explain it (because I'm not the best at explaining stuff)! Here's the Wikipedia page on NFTs which may help
Thanks,
~ CA