What are NFT’s, Crypto Art?
Non Fungible Tokens commonly called as NFT have got much attention and hype in current times.
The most easy to understand definition of NFT is – NFT’s are virtual art, masterpieces whose creation and ownership is authenticated or imprinted on Blockchain Technology.
The word art is very vast and could include digital copies of paintings- hand or virtual, videos, audio recordings, photographs, images and much more
We need to understand the word Fungible too .
Fungible means something which is interchangeable like a USD 100 note. It is Fungible. NFT’s are Non Fungible , that means they are not interchangeable , they are unique and one of kind with no replicas or duplicates