SouthBoston TODAY Online • On Your Mobile • At Your Door
February 24, 2022: Vol.10 Issue 8
SERVING SOUTH BOSTONIANS AROUND THE GLOBE
The ABCs OF NFTs
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hat exactly is an NFT? NFT stands for nonfungible token. An asset that is non-fungible cannot be arbitrarily swapped with another — it is one of a kind. This stands in contrast to a fungible asset that can be swapped for another indiscriminately What is an example of NFT? Each NFT represents a real-world object like music, a video, an ingame item, or a virtual baseball trading card. These digital assets are bought and sold online, typically with cryptocurrency. Things like physical money or bitcoin are “fungible,” meaning they can be exchanged for one another. Non
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