Collectibles

Troy Warren for Mintified.Com #NFT What are NFTs and how do they work? NFTs are Non-Fungible Tokens. ‘Non-Fungible’ means that the tokens are unique and cannot be interchanged with one another. In practice, NFTs could represent many different types of assets – you can’t exchange an NFT artwork for an NFT video and still have the same thing. Even if you buy an NFT collectible trading card that is 1 of 10 released, each of the 10 cards will have a unique token id that makes them distinct from each other. In contrast, currency is fungible. It doesn’t really make…