What does “non-fungible” actually mean?
First, the definition: every fungible token is identical. For example, one ETH can be exchanged for another ETH; NFTs, however, are all different.
Why? An NFT records which address owns a particular token ID. It doesn’t automatically give you the copyright to the work; the scope of your rights depends on the project’s licensing terms.
Minting and trading NFTs on Ethereum requires $ETH to pay gas. Currently, 2142.67.
Learn the rules before taking action. Don’t place orders based on gut feeling.
First, the definition: every fungible token is identical. For example, one ETH can be exchanged for another ETH; NFTs, however, are all different.
Why? An NFT records which address owns a particular token ID. It doesn’t automatically give you the copyright to the work; the scope of your rights depends on the project’s licensing terms.
Minting and trading NFTs on Ethereum requires $ETH to pay gas. Currently, 2142.67.
Learn the rules before taking action. Don’t place orders based on gut feeling.