![]() ![]() The NFT concept started in 2012 but only recently became popular in 2017 with the introduction of CryptoPunks and CryptoKitties. For example, you cannot trade your house for another house. Non-fungible means that something is unique and cannot be substituted for another item in its category. ![]() So, a silver dollar is fungible because you can trade it for another silver dollar. NFT stands for non-fungible token.įungible means something that’s exchangeable for something else of equal value.
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