Tag: Non-fungible tokens
What are NFTs and how do they work?
Non-fungible tokens (NFTs), cryptographic commodities underpinned by the immutable blockchain framework, possess unique identifiers and metadata, distinguishing each token unequivocally from its counterparts. These digital assets, imbued with singular characteristics, transcend conventional exchange paradigms. NFTs navigate a fluid marketplace, enabling transactions for fiat currency, cryptocurrencies, or other NFTs, contingent on prevailing market dynamics and perceived…