Non-Fungible Tokens
Unique and non-interchangeable digital tokens certified by blockchain.
Beginner-friendly explanation
A non-fungible token is a special digital item. Each token is different from the others. Unlike 1 Bitcoin equaling another Bitcoin, each non-fungible token is unique and has its own traits.
Example: A rare player card in a game is a non-fungible token.
Intermediate-level insight
Non-fungible tokens are based on technical standards (ERC-721, ERC-1155) allowing the assignment of digital identity and verified scarcity to assets. Each token can embed specific traits in its metadata.
Example: An NFT representing a collectible item shows properties like creation date and serial number.
Advanced perspective
A non-fungible token is an indivisible and non-interchangeable token encapsulating unique information on the blockchain. It is the technical foundation of the rare digital asset economy, supported by cryptographic mechanisms for authentication, traceability, and sometimes multi-chain interoperability.
Example: An NFT usable across multiple games and platforms due to cross-blockchain compatibility is an advanced example of a non-fungible token.
NFT DEFI Web3
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