By now you’ve probably heard lots of buzz around NFT’s. But you might be wondering…
NFT stands for “non-fungible token.” Let’s start by breaking down what this means.
Token Something that can be exchanged for, or represent, a good, service, or other form of value or utility
Fungible vs. Non-Fungible
Fungible = Interchangeable, Divisible
ex: $10 bill, $NEAR, $BTC
Non-Fungible = Non-Interchangeable, Non-Divisible, Unique Properties
ex: baseball cards, houses, land, diamonds, laptop
<aside> 💡 "NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, even real estate. They can only have one official owner at a time and they're secured by the... blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence." - [Ethereum.org](https://ethereum.org/en/nft/#:~:text=NFTs are tokens that we,a new NFT into existence.)
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NFTs basically represent a new way to own something on the Internet— like digital art, collectibles, tickets, music and more.
The best way to learn more about NFTs is to see them for yourself!
You can do this by trying one of NEAR’s decentralized applications related to NFTs.
<aside> 👌 Decentralized applications, also known as "dapps", are NEAR-powered tools and services. Think of them like NEAR’s version of apps on the Apple App Store.
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You’ll need a NEAR wallet and some NEAR to get started. As a quick refresher—