NFT (Bizarre Barks) - Non Fungible Tokens
MJ Mukesh Jain
Startup - Creative Hatti (As Seen On Shark Tank India) Co-Founder at F1 Digitals
NFT stands for Non-Fungible Token.
NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, even photography. They can only have one official owner at a time and they're secured by the Ethereum/Polygon and many more blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.
About Bizaare Barks
It’s Bizarre how almost everyone loves dogs! From meme time to me time, dogs never disappoint! And a dog NFT representing you in the Metaverse? Now that's luck barking at you, because we are presenting you with the most bizarre expressions and designs that could represent your own personality! From an angry dog to a sleeping dog with a cigar in his mouth, everything you could and couldn't think of. And don’t worry, they don’t bite.
Difference Between Fungible and Non Fungible
Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.
Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD.