NFT

Phonetic: /ɛn ɛf ˈtiː/

Part of Speech: noun

Category: To be determined

When discussing Non-Fungible Tokens (NFTs), “fungibility” refers to an object’s ability to be exchanged for another. For example, an individual dollar is considered fungible, as one dollar is fully interchangeable with another. Artwork is usually deemed non-fungible, as paintings or sculptures are likely to be unequal between them in quality, value, or other attributes. A non-fungible token is a type of token that is a unique digital asset and has no equal token. This is in contrast to cryptocurrencies like ether that are fungible in nature.

Definition source: Mapachurro probably wrote this.

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This word came from... the ether

Date first recorded: Unknown

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