🗃️Blockchain Basics

NFT (Non-Fungible Token)

A Non-fungible Token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.

Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies or digital cashes, such as Bitcoin(A Peer-to-Peer Electronic Cash System), which are Fungible Token(FT). The minimum unit of NFT is 1 and it is indivisible.

The NFT can be associated with particular Digital or Physical Assets including but not limited to, arts, musics/songs, videos/movies, game items/characters, documents, certificates, tickets, vouchers, rights, and IOT access & control, etc.