Tag: Non-fungible tokens
What Is an NFT and How Does It Work?
Defining NFTs: Unique Digital Assets Non-fungible tokens (NFTs) are unique, indivisible cryptographic tokens that represent ownership of a specific digital or physical asset on a blockchain (hibt.com). Unlike cryptocurrencies such as Bitcoin or Ethereum, which are interchangeable, each NFT carries distinct metadata—proof of authenticity and provenance—stored in a smart contract. How NFTs Function on the…
