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
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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—