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Non-Fungible Tokens (NFT)

By CoinGecko | Updated on May 28, 2020
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value. They represent something unique and therefore does not have the mutual interchangeable value. In other words, no non-fungible token is the same. The most popular is CryptoKitties, but there are many others.

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Related Terms

BUIDL
An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase
Token Generation Event (TGE)
An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.
Watchlist
A personally defined list of values to watch over for activity or changes.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
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