What is "NFT"?

NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable with other items because they have unique properties.

Non-fungible means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. Additionally, NFT cannot is indivisible, it's different from Bitcoin.

	FT	NFT
Example	Bitcoin, Ethereum, Binance Coin	Crypto kitty, Crypto hero
Decimal	Can use decimal	No decimal
Structure	User ⇒ Balances	NFT ID ⇒ Owner
Unique	No	Yes