What is a Non-Fungible Token? Non-fungible token “NFT” is a blockchain asset that has gained significant popularity in last one year. In order to understand NFT, one need to understand what is Fungible and what is non-fungible. As per the economic theory, a fungible asset is something which can be converted into another asset like money. With money, one can convert a $10 note for two $5 notes and it will have the equal value.
What is NFT and how it works ?
What is NFT and how it works ?
What is NFT and how it works ?
What is a Non-Fungible Token? Non-fungible token “NFT” is a blockchain asset that has gained significant popularity in last one year. In order to understand NFT, one need to understand what is Fungible and what is non-fungible. As per the economic theory, a fungible asset is something which can be converted into another asset like money. With money, one can convert a $10 note for two $5 notes and it will have the equal value.