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NFT
/ɛn ɛf ti/
non-fungible token
She bought an NFT of a digital artwork for her collection.
She purchased a unique digital asset verified by blockchain technology.
technical
A unique digital asset verified using blockchain technology, representing ownership of a specific item or piece of content.
NFTs can represent digital art, collectibles, or even virtual real estate.
NFTs are used to certify ownership of various digital items, including artwork and virtual properties.
NFTs are indivisible and cannot be exchanged on a one-to-one basis like cryptocurrencies such as Bitcoin.
Collocations
mint an NFTto create a new NFTNFT marketplacea platform for buying and selling NFTsNFT collectorsomeone who buys and owns NFTs
Related Phrases
Pro Tip
Understanding NFTs
NFTs are unique digital assets that use blockchain technology to verify ownership and authenticity.
Gold Rule
NFTs are unique
Each NFT is distinct and cannot be exchanged on a one-to-one basis like cryptocurrencies.
Word Origin
Acronym for 'non-fungible token,' coined in the context of blockchain technology and cryptocurrency.
Usage Notes
NFTs are often used in digital art, gaming, and virtual real estate to certify ownership and authenticity.
Word Breakdown
N
non
prefixFT
fungible token
suffixEnglish Dictionary