Non Fungible Tokens - NFT

• Non Fungible Tokens

  Unlike cryptocurrencies, where all tokens are created equal, each non-fungible token is unique and limited in quantity.

  

• What is a Non Fungible Token (NFT)?

  Is a type of cryptographic token on a blockchain that represents a unique asset. These can be fully digital assets or tokenized versions of real-world assets. Since NFTs are not interchangeable with each other, they can function as proof of authenticity and ownership within the digital realm.

• What is fungibility about?

  Fungibility means that the individual units of an asset are interchangeable and essentially indistinguishable from one another.

• How do NFTs work?

  NFTs can be traded on open marketplaces, such as nftm.art and jobaboard.net. Such marketplaces connect buyers and sellers, and the value of each token is unique. Naturally, NFTs are prone to price changes in response to market supply and demand.

  

• How can things like that be worth anything?

  As with any other valuable object, value is not something inherent to it, but a quality assigned by people. Basically, value is a shared belief. It doesn't matter whether it's fiat money, precious metals or a vehicle - all these things have value because people believe so. If that's how every valuable object becomes valuable, why should digital collectibles be any different?

• Can I see the actual list of NFTs in Hive in real time?

  Of course, just click on the expand list button just below this section.

Expand NFTs list