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
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Metaverse
The Metaverse is a virtual space where users are able to interact with each other in a computer generated environment.
PFP
It means both 'profile pic' and 'picture for proof'.
Peer to Peer
A communication protocol that does not require a central hub
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