A Crypto Guide to the Metaverse
Verifiable, immutable ownership of digital goods and currency will be an essential component of the metaverse.
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Aug 3, 2021 at 6:17 p.m. UTC
Aug 3, 2021
Intermediate
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.