August 2023
Intermediate to advanced
280 pages
7h 7m
English
Content preview from The Metaverse Economy
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Non-Fungible Tokens (NFTs) and the Ownership Economy
We can shape the future with our actions of today.
NFT, the abbreviation for non-fungible token, became Collins Dictionary’s word of the year for 2021, and metaverse and crypto made Collins’ longer list of ten words of the year. Collins describes NFT as “Non-fungible token: A unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible”.
Although NFTs are a type of cryptocurrency token, they differ from fungible tokens such as Bitcoin in that they are entirely unique and not mutually interchangeable. They can be created by anyone and require little to no coding skills to create. They are most commonly applied to ...
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