What Do NFTs Stand For? What You Need To Know About NFTs
If I just say NFTs stand for Non-fungible-token. So it does not give a clear view of what NFT actually is. So let’s start with the basics.
“Non-fungible” means that it is unique and can not be replaced by something else. Assets like diamonds, land, or baseball playing cards are Non-fungible because each unit has precise features. for instance, because every single diamonds have different cuts, colorations, sizes, and grades, they’re not interchangeable, so they are known as Non-fungible items.…