Past month the trade volume of NFTs reached a record high of 200 million USD and the volume and hype is getting higher day by day.įor example, we can say that a bitcoin or money is fungible. They are indivisible, indestructible and verifiable. Different than crypto currencies or physical collectibles NFTs contain unique information that make it both verifiable and distinct since each NFT can be traced back to the original issuer (Think of it like a festival ticket each with specific info like purchaser name). Non-fungible Tokens are digital assets that can range from collectible sports cards to virtual real estate. If you haven't already heard of it NFTs are gaining volume everyday.
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