non-fungible token

noun

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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

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Dictionary Entries Near non-fungible token

nonfundamentalist

non-fungible token

nongame

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Cite this Entry

“Non-fungible token.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/non-fungible%20token. Accessed 25 May. 2022.

Style: MLA

MLA