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NFT
abbreviation for
- non-fungible token:
- a digital asset associated with an item of value that can be bought or sold, usually a unique piece of content on the internet, as an image, video, or audio file.
- such a unique piece of content on the internet.
NFT
abbreviation for
- National Film Theatre
Word History and Origins
Origin of NFT1
Example Sentences
His collection ranges from a 1947 sculpture by Alberto Giacometti, purchased at auction for $78.4 million in 2021, to a nearly $600,000 NFT of a pet rock.
To play CryptoZoo, it was necessary to buy a cryptocurrency called Zoo Token, that could then be used to buy NFT “eggs”.
These eggs were supposed to eventually hatch into NFT “animals” that would breed and give birth to NFT “hybrid animals” with names like penguin-shark and panda-fin.
He promised to refund people who had bought the NFT eggs, but only if they agreed not sue him for anything relating to CryptoZoo.
Unlike cryptocurrencies bitcoin or ethereum, which are interchangeable, each NFT is one-of-a-kind and holds distinct value.
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