Knowledge Card: Non-Fungible Tokens (NFTs)
Every fungible token is completely equivalent to another—for example, one ETH can be exchanged for another ETH. NFTs, on the other hand, are all different.
NFT stands for Non-Fungible Token. Each token has a unique ID, so they cannot be directly exchanged with one another.
Before buying an NFT, check the contract address of the collection. Many collections have the same name, so don’t rely on the name and image alone.
Transferring and trading NFTs on Ethereum requires $ETH to pay gas. The current amount is 2441.24.
Every fungible token is completely equivalent to another—for example, one ETH can be exchanged for another ETH. NFTs, on the other hand, are all different.
NFT stands for Non-Fungible Token. Each token has a unique ID, so they cannot be directly exchanged with one another.
Before buying an NFT, check the contract address of the collection. Many collections have the same name, so don’t rely on the name and image alone.
Transferring and trading NFTs on Ethereum requires $ETH to pay gas. The current amount is 2441.24.