NFT...Get to Know What That is-->Non-Fungible Token


NFT stands for non-fungible token. Fungible means exchangeable. A movie ticket is fungible — you can give it to anyone else to use.


Jack Dorsey appears to be offering to sell the very first tweet as a non-fungible token, or NFT and the bidding up to $2.5 million. The highest offer is from Sina Estavi, CEO of Bridge Oracle.


A group of investors bought a LeBron James dunk highlight (No. 23 out of 59) for $47,500 as a NFT. And you can see this highlight on ESPN.


"Ownership of these assets is recorded on a blockchain — a digital ledger similar to the networks that underpin bitcoin and other cryptocurrencies. However, unlike most currencies, a person can’t exchange one NFT for another as they would with dollars or other assets. Each NFT is unique and acts as a collector’s item that can’t be duplicated, making them rare by design."


People will sell you anything....



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