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Are NFTS fungible?

NFT stands fornon-fungible token, and “non-fungible” is what distinguishes NFTs from cryptocurrencies. Bitcoin and Ethereum are fungible tokens — one Bitcoin can be exchanged with another and nothing is gained or lost. By contrast, each NFT has a unique value and cannot be copied or exchanged. Are NFTs worth buying?

What is NFT & how does it work?

In many NFT sales, what the buyer gets is simply the unique entry in the blockchain database that identifies them as the owner of the digital good — the token, rather than the thing the token represents.

Will National Geographic enter the NFT market?

National Geographic will enter the NFT market with a limited time collection from 16 photographers. Check out the Nat Geo Genesis NFT Collection live here. In recent years, a new digital file format has promised to revolutionize how things can be owned, bought, and sold across the internet: the “non-fungible token,” or NFT for short.

What are art NFTS & gaming NFTS?

Art NFTs are tokenized versions of digital art. They can be digital paintings, digital photographs, 3D digital sculptures or any other visual digital creation. Gaming NFTs represent specific elements within blockchain-based video games. Players can unlock virtual goods and collectibles, in-game items and skins, and more.

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