[Crypto News] - What is Non Fungible Token (NFT) ?

What is NFT?

NFT stands for Non Fungible Token, it is different from a Fungible Token.

For example 100$ Bill is a fungible token, it means we can divide it into small piece

such as 2 bills of 50$ or 5 bills of 20$. But for non tangible token, it is unique and can't be 

replicate or divided. It is served as proof of ownership.

 

Currently NFT is famous in the domain of digital art, people can create their own art, 

and attach with NFT (Token) and then they can sell that digital ownership to other people.

There is one NFT art work which sell 69M$ 

Here is an example of NFT art.

https://opensea.io/cryptopreneur_kh