NFT and Blockchain: What is the NFT & Blockchain? | Beginner's Guide



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In today’s video, we'll discuss NFT and blockchain? What is the NFT and what is blockchain?
NFT and cryptocurrency seems to be the name of the game these days, especially ever since the COVID-19 pandemic all but forced most of everything to go digital. And both are rarely mentioned without using the term Blockchain. So, what is the connection between these things?
In its simplest form, NFT is an acronym that stands for non-fungible token, which is a type of cryptocurrency. Non-fungible tokens have "it's unique and can't be replaced with something else," according to an article published by The Verge. According to Forbes, non-fungible tokens have "a unique value and cannot be exchanged for another of equal value." and cannot be traded for other tokens of equal value.




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Category
Cryptocurrencies
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