NFTs: A Super Chill Intro for Absolute Beginners
NFT: Non-Fungible Token NFT? Sounds Fancy. What Does It Even Mean? Alright, let’s start with the acronym. NFT stands for Non-Fungible Token. Wild name, right? Here’s what it actually means: Non-Fungible: Imagine you have a dollar bill. You can trade that dollar for any other dollar, and you’re still cool—you’ve got the same thing. Dollars are fungible. But think about a rare baseball card or a one-of-a-kind painting. You trade your original Picasso for a Van Gogh? Nah, that’s not the same deal. That’s non-fungible—unique, irreplaceable stuff. Token: In the digital world, a token is just a fancy word for a digital certificate stored on a blockchain (we’ll get into that next). So, NFT is basically a digital certificate of ownership for a one-of-a-kind item. That item could be digital art, a tweet, a virtual real estate plot, a music track—heck, even a virtual pet. The Blockchain: Your Digital Ledger Before we go full throttle into NFTs, you must know about blockchain. If...