Temation

 NFT stands for N- non F- fungible T- token Before I explain NFT in details let me explain FUNGIBLE token What are FUNGIBLE token? Fungible token are token that can be easily swap with another token. For example, if i borrow #1000 note from you, I may decide to pay you back in different denominations, let say five pieces of 200 naira notes or two pieces of 500 naira notes. So Bitcoin, paper Currency etc are fungible tokens What are NON-FUNGIBLE token (NFT)? NFT are unique, one-of-kind asset or material that CAN NOT be replaced with something else. For example, if I borrow your phone, and I want to return it, I must return the EXACT phone I collected from you.  So NFT are digital ARTS such as pictures, music, video, etc (anything digital)  stored on the crypto world (called blockchain)  The blockchain make the asset genuine and authentic.  This digital assets stored on the blockchain can be auction for sale which can be sold in an insane price. A picture of your ...