What is NFT?

NFT stands for Non Fungible Token. Fungible means something is able to be exchanged or substituted and will hold the same value. It's interchangeable like the dollar, gold, casino chips, bitcoin, ethereum or frequent flyer loyalty points. So non-fungile obviously means it's an asset that can't be substituted. It has unique attributes that makes it different from something else in the same asset class. Like a painting, a theatre ticket, a house, a video game skin, a trademark or a Bad-Ass Dog Some of these assets are physical and tangible and others are digital and intangible. So NFTs are non-fungible tokens. 'Token' refers to a digital certificate stored on a secure distributed database called a blockchain. NFTs are digital assets. Publicly verifiable intellectual property authenticated on a blockchain. Follow us : Website - thebadassdoge.com Instagram - badassdogelabs Discover More : www.thebadassdoge.com #nft #nfts #nftart #nftcollector #nftcommunity #cryptoart #digitalart #art #newnft #nftdrop #thebadassdoge #thebadassdog #badassdog #badogelabs #m1sft #Seattle-junkiE #TheDON #opensea #ethereum #bone #bonetoken #cryptocurrency #whitelist #thedogverse #dogverse #blockchain #metaverse #metaversegeneration #metaversenft Video Credits / Excepts : Rhett / Mankind