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Score | 38
Tolu Wade Senior Software Engineer | Cybersecurity Expert @ FiatMatch Inc
Toronto, Canada
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In Blockchain and Cryptocurrency • 1 min read • Jun 23, 2022 21:14p.m.
What is all this hype about NFTs? (B)
A Non-Fungible Token (NFT) is a digital token or an asset stored on a blockchain that can be sold and traded📉📈. Here is why NFTs are not fungible: It is possible to say that 1 dollar💲 is equal to another 1 dollar💲 and can be used to replace each other at any time. The case is different for NFTs. An NFT 👨‍🎤 is not equal to another NFT👩‍🎤, hence the non-fungibility. A fungible item is an item that is replaceable by another identical item or is mutually interchangeable. Likewise, Non-fungibility means that you cannot copy, substitute, or subdivide an item by another item even if they are identical. 🔁 To be continued …
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