non-fungible tokens
Unique digital assets
Non-fungible tokens are unique digital assets verified through blockchain technology, typically representing ownership of digital art, collectibles, or other media.
Unlike cryptocurrencies, each NFT is distinct and cannot be exchanged one-for-one with another—hence non-fungible.
The term gained widespread use during the early 2020s boom in digital art sales: He sold an NFT of his artwork for thousands.
Usually abbreviated NFT.
Self-enforcing coded agreements
- EthereumProgrammable blockchain network
- mintingProducing official currency
- walletSmall case for currency
- metadataDescriptive information about content
decentralization · ledger · consensus · proof of stake · distributed · nodes · cryptography · hashing
Record of ownership
- authenticityQuality of being genuine
- certificateFormal written attestation
- IP rightsLegal ownership of creations
- royaltiesOngoing payments to creators
resale · transfer · verification · licensing · attribution · chain of custody · title · deed
Electronically stored owned items
- investmentDeploying capital for returns
- portfolioCollected works or assets
- speculationUnproven theorizing or risky investment
- liquidityConvertibility to cash
valuation · appreciation · floor price · market cap · trading volume · flipping · whale · airdrop
Computer-generated visual work
- generative artRule-based aesthetic creation
- profile pictureAccount identification image
- pixel artImages built from visible squares
- editionsVersions of publications
drops · gallery · curator · commission · visual artist · multimedia
Collectible illustrated rectangles
- memorabiliaCollected items of significance
- limited editionSmall intentional production run
- raritiesUncommon or scarce items
- scarcityInsufficiency of something needed
series · collection · pack opening · rare · legendary · common · grail
Shared immersive digital universe
- avatarDigital user representation
- wearablesBody-mounted tech devices
- play-to-earnGames rewarding real money
- virtual real estateProperty in online worlds
Having no equivalent
- unique identifierUnrepeated distinguishing code
- indivisibleUnable to be divided
- authenticityQuality of being genuine
- originalFirst or inventive
smart contracts
Self-enforcing coded agreements
- EthereumProgrammable blockchain network
- mintingProducing official currency
- walletSmall case for currency
metadata · decentralization · ledger · consensus · proof of stake · distributed · nodes · cryptography · hashing · public key
provenance
Record of ownership
- authenticityQuality of being genuine
- certificateFormal written attestation
- IP rightsLegal ownership of creations
royalties · resale · transfer · verification · licensing · attribution · chain of custody · title · deed · collectorship
digital assets
Electronically stored owned items
- investmentDeploying capital for returns
- portfolioCollected works or assets
- speculationUnproven theorizing or risky investment
liquidity · valuation · appreciation · floor price · market cap · trading volume · flipping · whale · airdrop · whitelist
digital art
Computer-generated visual work
- generative artRule-based aesthetic creation
- profile pictureAccount identification image
- pixel artImages built from visible squares
editions · drops · gallery · curator · commission · visual artist · multimedia
trading cards
Collectible illustrated rectangles
- memorabiliaCollected items of significance
- limited editionSmall intentional production run
- raritiesUncommon or scarce items
scarcity · series · collection · pack opening · rare · legendary · common · grail
metaverse
Shared immersive digital universe
- avatarDigital user representation
- wearablesBody-mounted tech devices
- play-to-earnGames rewarding real money
virtual real estate · digital fashion · skins · accessories · interoperability
one-of-a-kind
Having no equivalent
- unique identifierUnrepeated distinguishing code
- indivisibleUnable to be divided
- authenticityQuality of being genuine
non-fungible tokenscryptocurrency
Encrypted decentralized money
Bitcoin · Ethereum · fiat currency · cash · money
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