NFT (Non-Fungible Token), What does it mean?

NFT (Non-Fungible Token) is an acronym word as many others used in the cryptocurrency jargon.

Definition of NFT (Non-Fungible Token)

Non-fungible token, which more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls “the Mona Lisa of baseball cards.”

See more: Cryptonyms glossary