Sunday, May 19, 2024

What are NFTs? How will it change the way we use things? Simply Explained | Cryptela


What are NFTs? How will it change the way we use things?
What are NFTs? If you’re not familiar with the term, NFT stands for Non-Fungible Token.A Non-Fungible Token is a virtual asset that is unique, meaning it’s not interchangeable and can’t be exchanged for another asset.
The first use case that comes to mind when we talk about NFTs are cryptocurrencies like Ethereum and ERC-721 tokens.
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