Unraveling NFTs (Non-Fungible Tokens)

What is NFT (Non-Fungible Token)?

NFT stands for “Non-Fungible Token”. Something being non-fungible means it is unique and cannot be replicated or divided. In the context of cryptocurrencies, an NFT means that each token on the given blockchain network has some unique characteristics, which makes it different from the rest. Each token contains some small bits of data which is…