

NFT Meaning Explained
NFT stands for “Non Fungible Token”. Regular cryptocurrencies like Bitcoin or Ethereum are fungible – meaning they can be exchanged and traded for one another. NFTs are unique digital tokens that are not represented by an equivalent or cannot be replaced. They therefore function as a kind of digital proof of ownership or authenticity – stored on the blockchain.
Images, music, text, digital trading cards, documents, even furniture or real estate – almost anything can be represented by a Non Fungible Token.