What is NFT?
Briti
6 replies
NFT is something I have always been confused to explain to someone else, so how would you explain NFT to someone in the easiest terms possible?
Replies
Go check out Folding Ideas video on YouTube titled "Line Goes Up – The Problem With NFTs"
An NFT (non-fungible token) is a digital asset representing real-world objects like art, music, in-game items, and videos. They are bought and sold online; they are unique and can't be replaced with something else.
For example, a bitcoin is fungible—trade one for another bitcoin, and you'll have the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you'd have something completely different.
I hope this may help.
@nabeel_amir this helps plenty! thank you!
Search it on YouTube. You will find the experts explaining the term thoroughly.