A one-of-a-kind record that cannot be swapped for another
An NFT is data recorded on a blockchain as a single item that cannot be exchanged for an identical one. Any 1 bitcoin equals any other, but each NFT is treated as distinct. They are used to record ownership of artwork or memberships, though what the chain records is the ownership history, not necessarily the copyright itself.
The same artwork numbered 1 and 2 counts as two separate NFTs.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.