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March 23, 2021
#NFT = #NonFungibleToken
The term #fungible means something that can be replaced by something similar.
So, by the name #NonFungibleTokens, we can easily understand that we are talking about a type of #token that can’t be replaced by another similar token.
It is #unique and #noninterchangeable.
These #cryptoassets represent the latest #blockchainbased boom: Three years ago, the entire #NFT #market was worth no more than $42 million.
By the end of 2020, it had grown 705% to $338 million in value, according to the latest estimate from Nonfungible.com, which monitors the #NFT #marketplace.