Study Notes | Non-Fungible Tokens (NFTs)
① NFT stands for Non-Fungible Token. Each token has a unique identifier, so they cannot be exchanged for one another on an equal basis.
② CryptoKitties caused congestion on the Ethereum network in late 2017 and was one of the early NFT projects to break into the mainstream.
③ Before buying an NFT, verify the collection’s contract address. There are many counterfeit collections, so don’t rely on just the name and image.
$ETH 2269.5 (+0.65%)
① NFT stands for Non-Fungible Token. Each token has a unique identifier, so they cannot be exchanged for one another on an equal basis.
② CryptoKitties caused congestion on the Ethereum network in late 2017 and was one of the early NFT projects to break into the mainstream.
③ Before buying an NFT, verify the collection’s contract address. There are many counterfeit collections, so don’t rely on just the name and image.
$ETH 2269.5 (+0.65%)