Non-Fungible Tokens (NFT)
By CoinGecko | Updated on May 28, 2020
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value. They represent something unique and therefore does not have the mutual interchangeable value. In other words, no non-fungible token is the same. The most popular is CryptoKitties, but there are many others.
Related Terms
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
When Lambo
An expression used by investors to ask when the value of their investment could buy them a Lamborghini
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