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NFT

An NFT (non-fungible token) is a unique ownership token on the blockchain. They are "minted" and properties can be given to them with smart contracts. Unlike cryptocurrency, these tokens are not exchangeable. What property is represented by the NFT is so broad that it perhaps best fits the notion of "thing". NFTs are currently most commonly used for digital (art) collections, ticketing and POAPS.

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Related Cryptopedia

DeFi

DeFi, short for Decentralized Finance, is a financial ecosystem built on blockchain technology, which aims to transform conventional finance services. It offers endless possibilities, like digital assets, smart contracts, and decentralized applications (dApps), all driven by transparency and efficiency.

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Validator

In the context of blockchain technology, a validator is the one responsible for...

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Whitepaper

Whitepapers are widely used for new crypto projects. It’s a document where the project is extensively ...

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Dino (Decentralized In Name Only)

This term refers to crypto projects that pretend to be decentralized...

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Cold Wallet

A cold wallet is a cryptocurrency wallet that is not connected to the internet...

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Staking

Staking is the process by which a user of a blockchain network "stakes" or locks their cryptocurrency assets to a network ...

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