TP Courses 23 — What Is The NFT?

The artist Beeple’s work “Everydays: The First 5000 Days” was auctioned at the auction house Christie’s on February 25th. The work was auctioned at an initial price of $100 and finally sold for $69,346,250, and this work is an NFT, so what is NFT?

NFT, that is “Non-Fungible Token”, while what we are familiar with FT (Fungible-Token).

Fungible-Token: Alternative token/homogeneous token, which means tokens are standardized and can be substituted for each other and split. Fungible-Token means the same characteristics and values such as Bitcoin, Ethereum, and USDT.

Non-Fungible Token: Each NFT has a unique serial number on its special regional block network. NFT has the characteristics of non-divisible, irreplaceable, and non-standardized.

NFT application scenarios: Due to its technical characteristics, NFT has a great possibility to become an excellent carrier for digital art, collectibles, tickets, and games, and may even be used as proof of physical assets in the future.

--

--

--

Crypto&DeFi Wallet on BTC, ETH, BSC, HECO, TRON, Polkadot, Kusama, Klaytn, HSC, EOS, etc. APP download link: https://www.tokenpocket.pro/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Cosmostation Weekly Newsletter: Nov 22nd — Nov 28th

Here’s YOUR chance to win: Create content for OMNIA and get prizes!

The future? The blueprint? Or a scam? — What is Initiative Q?

Top 10 Cryptocurrency Press Release Websites in 2022

Top 10 Cryptocurrency Press Release Websites in 2022

Recap of AMA — Plug Chain x Sypnosis

GOW — The FinTech Literacy Campaign

SONIC(K): Polygon development

ZENFI AI AIRDROP

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
TokenPocket

TokenPocket

Crypto&DeFi Wallet on BTC, ETH, BSC, HECO, TRON, Polkadot, Kusama, Klaytn, HSC, EOS, etc. APP download link: https://www.tokenpocket.pro/

More from Medium

IDEP Sanford Testnet. NFT Creatioin task.

COINSBIT AMA WITH NFT GAMING STARS

Mochi.Market x Ecio Giveaway

Hello lovely farmers!