Cryptocurrency Q&A
What is NFT in crypto trading?
What is NFT in crypto trading?
EnchantedMoon
Wed Oct 30 2024
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7 answers
1208
NFT in crypto trading refers to non-fungible tokens, which are unique digital assets that cannot be replaced by another token. NFTs can represent a variety of items such as GIFs, images, videos, and music albums, with each having a distinct value and ownership that is verified on a blockchain. Unlike fungible tokens like Bitcoin, which are interchangeable, NFTs offer a way to own and trade individual, one-of-a-kind digital collectibles.
7 answers
GangnamGlamour
Fri Nov 01 2024
NFT represents 'non-fungible token'.
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Rosalia
Thu Oct 31 2024
Each NFT possesses a unique digital signature.
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CryptoKing
Thu Oct 31 2024
This signature is what distinguishes one NFT from another.
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Leonardo
Thu Oct 31 2024
The term non-fungible signifies that an item is one-of-a-kind and cannot be substituted.
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Lucia
Thu Oct 31 2024
In contrast, traditional currencies and cryptocurrencies are considered fungible.
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