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What is Non-Fungible Token?
A non-interchangeable token that represents unique digital ownership on a blockchain.
ExampleThe artist sold a digital work as an NFT for 100 ETH.The figures in the example illustrate the concept; they are not current market data.
Related terms
BlockchainA decentralized ledger technology in which transactions are chained together and encrypted in blocks, makingCryptocurrencyA decentralized digital currency secured by cryptography.Smart ContractA code-based contract that runs automatically on a blockchain according to predefined rules, withoutLiquidity PoolA pool of tokens funded by users on DeFi protocols, where trades are executed.
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Frequently asked questions
What is Non-Fungible Token?
A non-interchangeable token that represents unique digital ownership on a blockchain.
What is Non-Fungible Token called in Turkish?
In Turkish financial reporting and news, Non-Fungible Token is called NFT (Değiştirilemez Token).
Which concepts are related to Non-Fungible Token?
The concepts most often mentioned together with Non-Fungible Token are Blockchain and Cryptocurrency.