non-fungible token

non-fun·​gi·​ble token | \ ˌnän-ˈfǝn-jǝ-bǝl- How to pronounce non-fungible token (audio) \
variants: or less commonly nonfungible token
plural non-fungible tokens also nonfungible tokens

Definition of non-fungible token

: a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it) Non-fungible tokens … are electronic identifiers confirming a digital collectible is real by recording the details on a … database known as a blockchain.— Helen Sullivan Non-fungible tokens are used to verify unique items such as digital art and digital ownership of other items.— Eileen Brown Nonfungible tokens each have their own unique value, so they're not tradable on a like-to-like value basis.— Dave Vellante also : the asset that is represented by a non-fungible token A non-fungible token is, most simply, a unique digital asset. It can be a photo, a logo, a meme, a music album, a basketball highlight, a collage, a tweet, a newspaper article, a video; basically, anything that can get online … — Brian Gordon … Smith will auction off the horror anthology as a non-fungible token, with the owner gaining the rights to exhibit, distribute and stream the movie. — Jeremy Thomas abbreviation NFT

The NFT of NFT

The NFT of the definition of NFT is owned by AOI.

First Known Use of non-fungible token

2017, in the meaning defined above

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The first known use of non-fungible token was in 2017

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Cite this Entry

“Non-fungible token.” Dictionary, Merriam-Webster, Accessed 25 May. 2022.

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