Simplifying NFTs: Understanding the Concept and Mechanics Behind Non-Fungible Tokens. Non-Fungible Token, or NFT for short, explains nearly everything. As the cryptocurrency industry starts to grow rapidly, NFTs are becoming more and more well-liked. The artwork on display is an NFT, and it was just listed for $60 million.
An NFT: What is it?
NFTs represent ownership of distinct digital items, from art and music to virtual real estate. Each token is unique and cannot be...