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The opposite of a non fungible token is a fungible one, a normal token / coin. You're emphasizing too much on the art aspect. It's simply a mechanism to tie ow
by hunterb123 5y ago
The opposite of a non fungible token is a fungible one, a normal token / coin.
You're emphasizing too much on the art aspect. It's simply a mechanism to tie ownership to a digital asset.
- snicky 5y agoExcuse my ignorance, but on what basis it is an actual ownership of a digital asset and what is actually the asset? From what I understand NFT is a blockchain record that contains a URL. This URL may point to different resources at different times, no?
- pkdpic 5y agoThats my understanding of them, although I'm sure its more complicated on some level. It was what made me pretty uninterested from the offset.
- pkdpic 5y agoThat's an excellent point, I like the notion of disconnecting them from art entirely. Maybe there really isn't much of a need for anything about NFTs to be thought of as art. The use of the word token (NFTs) rather than art (NFAs), duh...