non fungible tokens
Definition
Unique digital certificates of ownership for specific items or assets stored on a blockchain, distinguishing them from interchangeable (fungible) cryptocurrencies like Bitcoin.
Cryptographic tokens representing one-of-a-kind digital or physical items, such as art, music, or collectibles, that cannot be replicated or substituted on a like-for-like basis.
Blockchain-based assets used to verify authenticity and provenance, revolutionizing digital scarcity in virtual economies.
Examples
He blew his life savings on non fungible tokens of virtual land that now sits emptier than his social calendar.
She minted non fungible tokens of her cat's yawn, convincing collectors it was the next Picasso of pet portraits.
In the crypto casino, non fungible tokens turned bored apes into billionaire status symbols overnight.
My buddy traded his vintage comic collection for non fungible tokens, only to watch both crash harder than his dating prospects.