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NFT stands for non-fungible token, which doesn’t explain very much. This page defines what an NFT actually is in the abstract, while also looking at a few specific examples of NFT applications and use cases. First, let’s break down the name. Before we get into “non-fungible,” what do we mean by “token”? For our purposes, a token is a kind of record in an information system called a blockchain. We won’t get into all the details of how blockchains work here. To understand what an NFT is, we just need a bit of background knowledge

MetaMonarchIX February 25, 2023