Web3Beginner

Non-fungible token

A token with an individual identity rather than interchangeable units, commonly called an NFT.

PLAIN-ENGLISH DEFINITION

In more detail

An NFT lets a chain track a particular token, which might represent artwork, a membership or a game item. Owning that token is different from owning copyright or controlling the file it points to. Look at the project's actual terms and how its metadata is stored before assuming what the token gives you.

IN THE WILD

How you might use it

“I bought the NFT—can I sell prints?” Token ownership alone doesn’t answer that; you check the rights attached to the artwork.

Non-fungible token: three different glass token sculptures have individual patterned registry pedestals connected by a chain rail.
Illustrated by Crypto DictionaryAI-generated artwork
WORD NOTES
Short name
NFT

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By Crypto Dictionary · Published · Updated

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