NFTs cheat sheet: Everything you need to know about non-fungible tokens (free PDF)

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Provided by: TechRepublic
Topic: Innovation
Format: PDF

Non-fungible tokens are, in a way, a lot like cryptocurrency. The record of their existence lives on blockchains, they can be bought and sold using cryptocurrency, and there isn’t necessarily a physical asset that ties them to the real world.

NFTs differ from cryptocurrency in that they’re non-fungible, meaning they can’t be exchanged for an identical item. Cash, for example, is a fungible asset: Each dollar may be unique, but the particular dollar you have doesn’t matter. If you swap a $10 bill for two five-dollar ones, you still have $10. Trade your $10 for an autographed baseball card, however, and you then have a non-fungible item: it’s unique, and while it may have a monetary value, it isn’t itself a trade commodity.

Other examples of non-fungible goods include artwork, houses, website domain names, your pet cat and parcels of land.

Learn more about NFTs in this free PDF download from TechRepublic.

In the download:

  • What are NFTs?
  • What rights does ownership of an NFT confer?
  • How are NFTs created, and how are NFTs sold?
  • How could NFTs impact businesses?
  • Is the NFT market already in a bubble?
  • And more!
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