What Is NFT || NFT Has Explained In 5 Mins With Animations || Crypto Crash Course 2023
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Non-fungible tokens (NFTs) are cryptographic assets on a blockchain that can be distinguished from one another by their distinctive identifying codes and metadata.
They cannot be bought or exchanged for equivalent amounts like cryptocurrencies can. This contrasts with fungible tokens, like cryptocurrencies, which are interchangeable and can thus be used as a medium for business transactions.
The market for NFTs today is largely driven by collectibles like digital art, sports cards, and rarities. NBA Top Shot, a place to gather non-fungible tokenized NBA moments in digital card form, is arguably the most touted area. These cards have sold for millions of dollars in some cases.
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