What the fungible is an NFT?

And what’s the point of paying for a jpeg that you could download for free? Read on for our beginner’s guide to what are NFTs, and, more importantly, what’s in it for you if you collect your own. <img alt="" src="https://miro.medium.com/v2/resize:fit:630/1*ZQntkLFLcwcRt9F6IfQgnA.png" style="height:700px; width:700px" /> A non-fungible token (NFT) is a <a href="http://umoja.foundation/blog/demystifying-web3-lingo" rel="noopener ugc nofollow" target="_blank">web3 term</a> coined to represent a digital object (for example, a piece of art, animation, or voice memo) that is uniquely coded and immortalized on immutable blockchain technology, so its whereabouts, authenticity, and ownership are forever known and verified. NFTs can be sold and traded, but they can never be duplicated, substituted, or subdivided, meaning the NFT retains its value as an original. <a href="https://medium.com/@umojafoundation/what-the-fungible-is-an-nft-b03ef8f59c6a">Click Here</a>