
To understand NFT (nonfungible token) better, let me start by explaining Fungible tokens or assets. Those can be divided and are not unique. An example of this is money which is a token of currency that in fungible, this means its units are the same. A £1 in London is the same as a £1 in New York, same value and is divisible.
NFT on the other hand is an object that can represent something different. Something that is unique. For example, a limited edition car is nonfungible or a piece of art. There is only one of it
Blockchain is the underlying technology that can easily prove ownership of an intangible digital item. I will explain blockchain in a simple way next week so stay let me know your questions below!
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