The K-Pop merchandise and collectibles market is growing every year. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. I hope someone talks more about what NFTs actually mean, which is (mainly) illegitimate big business and environmental harm. It is known as Modhaus and is operated by K-pop fans. To buy or sell NFT art, you’ll need a digital wallet. Moonbirds had a set mint price of 2. According to a Bloomberg report, Hybe Co. Non-fungible Token is referred to as NFT. Like any object. C. nft non-fungible token. , which manages K-pop’s BTS, is also setting up a U. Hayeon’s AI-Produced Single “idkwtd” Will Be Sold As NFT Content. " The term "non-fungible" refers to the fact that each NFT is distinct and cannot be replaced with a duplicate. The show's winners Hyebin, Yeonwoo, Jane, Nayun, JooE, Ahin, and Nancy served as the original members. Mainly, NFT degens are mainly made up of millennials and GenZ. Bitcoin Lightning wallet app Wallet of Satoshi has suddenly and inexplicably been removed from Apple's App Store and Google Play in the US. The fans solely operate these procedures. Hundreds of nft images to choose from. To give an example, if I trade you my $5 bill for your $5 bill, nobody made a profit. Non-fungible tokens or NFTs are unique digital assets that are based on blockchain technology. Hobbs is best known as the creator behind the Art Blocks project Fidenza, which racked up numerous seven-figure (USD) sales in 2021, and his next move was eagerly anticipated. Since NFTs for physical assets go through rigorous compliance. NFT stands for non-fungible token, meaning unique digital asset. Naïve by Olga Fradina. Then you can start inscribing satoshis into a. This funding model is called NFT which stands for non-fungible token. The law does recognize both fungible and non-fungible. The latest addition to this list is K-Pop boy band Bangtan Boys, popularly known as BTS. abbreviation for non-fungible token: a unique unit of data (= the only one existing of its type…. We would like to show you a description here but the site won’t allow us. And after Christie’s auction house sold the first-ever NFT artwork — a collage of images by digital. With a majority of fandom spaces taking place online, it makes it that much harder to define fandom vocabulary. NBA's Top Shot is a helpful example here. ’. Jinni left the group on December 9th, 2022. A Bitcoin is. OpenSea is the original peer-to-peer NFT marketplace, and far and away the largest. Sunmi to create NFT products (@official_sunmi_/Twitter) Since late 2021, major K-pop companies like HYBE, YG and SM are entering the cryptocurrency and NFT business. Understanding it in DetailWe need to understand their meaning, i. A Non-Fungible Token is a piece of code on a computer that exists in a fashion similar to that of cryptocurrency like Bitcoin. It doesn’t even mean that they care about the Frank Lloyd Wright or the Eames house. For example, if you have 100 Ethereum tokens, they are all the same, while if you. E and WAX on the first-ever. – Eternity is an. 80%, according to Curinos. See full list on koreaboo. It is a type of digital asset that represents ownership of a unique item or asset. jewel thumb fingers. Step 3. Grimes is the latest artist to get in on the NFT gold rush, selling around $6 million worth of digital artworks after putting them up for auction yesterday. Their debut mini album. OK, I know NFT stands for nonfungible token. – APOKI is a virtual artist, singer, dancer, and YouTuber under VV Entertainment. By learning the NFTs meaning on a deeper level, you’ll be able to stay at the. 56 Million. Credit: Modhaus. The parent company of Bored Ape Yacht Club is Yuga Labs. Photo: Beat Interactive. They aim to be the world's first. But as with most emerging technologies, there are many competing platforms and approaches. As headlines about people bidding eye-watering sums on GIFs of Pop Tart cats, the first-ever tweet, a Kings of Leon album and other NFTs piled up over the last several weeks, the CNN Business team. After giving up on mining, I started my own NFT project, and I am glad that I did that. 合併前的nft買賣與區塊鏈交易，伴隨著大量耗能和後續的溫室氣體排放。Select your blockchain: This will be the blockchain on which your NFT resides, and it cannot be changed once minted. This is similar to old. When entering the world of K-Pop, it feels like everyone is speaking another language. 概要. Modhaus has a one-to-one connection between blockchain, NFT, and the fans from trainee selection to creating the concept. Sales of NFTs, or non-fungible tokens, has risen from under $100 million in 2020 to $25 billion in. Editor’s note: This reporter minted and subsequently sold Loot NFTs on the day of the launch, are nfts securities or commodities Star Atlas. To buy or sell NFT art, you’ll need a digital wallet. It can be described as a mini photo album, which contains pictures of all the members of the band. The blockchain serves as a public ledger, allowing anyone to verify the NFT's. NFTs are enabling gamers to find new ways to play and earn, as Bequant's Martha Reyes explains. It is the largest NFT trading platform, with more than 2. Learn more. Leveraging cryptographic signatures native to the blockchain on which an NFT is issued, one can easily determine the origin and the current owner of the asset in question in seconds. HUMAN ONE. OpenSea is the world's first and largest web3 marketplace for NFTs and crypto collectibles. Think of why so many of us host virtual fundraisers for birthdays or wear nonprofit branded t-shirts. , Ltd. NFT stands for non-fungible token. NFT Marketplace: Visit an NFT marketplace like OpenSea. ”The tokens give K-Pop fans and other investors a claim of real ownership in digital products related to RBW entertainers. Think of NFTs as a digital certificate of authenticity for anything from an object, video game, or even songs. NFT son las siglas en inglés de token no fungible. Select your blockchain: This will be the blockchain on which your NFT resides, and it cannot be changed once minted. so the answer is hopefully no, fans are showing their dissatisfaction- although i. which is represented by Kyuhyun, Ryeowook, and Yesung. These items are stored individually on the blockchain. Pick a file. Non-fungible means that something is unique and can’t be replaced. Most simply, an NFT is an entry on a blockchain, the same decentralized digital ledger technology that underlies cryptocurrencies like bitcoin. NFTs are tokens that are individually unique. . The live NFT price today is $0. NFT stands for non-fungible token. galaxy astronaut moon. non-fungible token:… See the full definition. supply is not available. An NFT is part of the blockchain, like other forms of cryptocurrency. Instead, it just has unique digital representation in the form of a non-fungible token on the blockchain. An NFT is essentially a unit of data which is unique and not reproducible. But it also has a special role on Ethereum network. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Leveraging cryptographic signatures native to the blockchain on which an NFT is issued, one can easily determine the origin and the current owner of the asset in question in seconds. Eternity. PROOF NFT holders each received two Moonbirds NFTs, leaving 7,875 Moonbirds to the broader NFT community to vie for. S. What does NFT mean in simple terms? An NFT is a non-fungible token. It’s popularly claimed that the internet slang simp is an acronym for “Suckers Idolizing Mediocre Pussy. ”. Sure enough, it sold $17 million worth of NFT mint passes upon. The members will rotate between the group, sub-units, and solo activities, as chosen by fans who will be able to communicate with the group and participate in their activities such as deciding the sub-units and the content through NFT photo cards called. nft數位藝術通常不會將關連作品儲存在區塊鏈上，因為這種檔案都很大。這類代幣的作用就像所有權證明，以網址來指向該藝術品，因此失效連結會是直接的傷害。 環境衝擊的疑慮. They cannot be exchanged or traded equivalently like other cryptographic assets. C. ). This raises two important considerations: 1) Ownership of the underlying asset . Non-fungible means it is individual. Non-fungible means that something is unique and can’t be replaced. Learn more. Parallel Alpha. Even NFT collections with large market caps can move like penny stocks, often advancing or declining 100% daily. Still, NFT is such a big deal at this point. Scams and rug pulls: NFTs exist in the anonymous and unregulated world of cryptocurrency, which unfortunately brings scammers out of the woodwork like. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. On June 10, 2022, it was revealed that REDSQUARE had officially rebranded as IRRIS, with their Twitter and Instagram accounts redirecting to their new ones and are now presumably under. 4 Million. By contrast, physical money and cryptocurrencies are fungible, which means they can be traded or exchanged for one another. Definition: An idol that excels in talent and takes the K-Pop world by storm, earning themselves a legendary status in some type of way. Secondly, this type of art normally does have shady connotations, i. Head to your profile, click on the NFT you want to sell and click on “put on sale”. The token part of Non-Fungible Token refers to a digital certificate stored on a publicly verifiable distributed database, also known as a blockchain. One of the rarest available non-fungible tokens, or NFTs, is a small, pixelated image of a bearded man wearing dark sunglasses and a top hat and smoking a cigarette. Noob: It is used for someone who is new to the non-fungible token sector and does not know much about the NFT market. NFT adalah aset dengan metadata unik yang dilampirkan pada token. Seoul, South Korea --News Direct-- Modhaus. Head back to Rarible's homepage and click the blue Create button at the top right. Modhaus follows an open architecture. ” Fungible is an English word that means “being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind. NFT meaning is a subject as crucial as the technology itself. Spider Tanks. Browse, create, buy,. Ethereum is the name of the network. . Some NFT art comes with royalties to the artist, meaning every time the artwork is sold on, the artist can receive 8-10% of all future sales. To be non-fungible, the asset has to be unique, meaning there is ONLY one of them, and it has to be stored on the blockchain with a unique token ID. Crazy Frog, the 3D animated amphibian that haunted anyone alive in the mid-2000s with its shrill engine noises and “DING! DING. For example, an NFT for a digital collage sold for $69. e. Past NFT pack sales on WAX have quickly sold out in under six minutes, and very high demand is anticipated for these K-pop idols. They are often pieces of digital art, but can also be videos, tickets to an event, access to play-to-earn games or other digital assets. The FATF is concerned that virtual assets “are becoming increasingly mainstream for criminal activity more broadly. But unlike most bitcoin–which is fungible, meaning. High quality Meta Meaning inspired Pillows & Cushions by independent artists and designers from around the world. An NFT, or non-fungible token, is a unique digital representation of a good — for our purposes, a work of art. The value of the NFT exists in these two features: uniqueness and non-reproducibility. ”. 5 million windfall. ”. Each of these tokens is, in essence, a unit of data, but usually NFTs are associated with digital creative assets (image, audio file, video clip, etc. 3. CryptoPunk #2338 – $4. Description of the NFT landscape. It is not possible to infer from the use of the term “NFT. An NFT, or non-fungible token, is a digital certificate of ownership that represents a digital or physical asset. Top Shot is a digital platform with its own trading cards that uses NFTs to track. The NFT sold for a cool 4,200 ETH in March 2021, at the time worth just over $7. Open for bids: People can make you an offer for your NFT. Essentially, the floor price lets you know the cost. And yet, when K-pop labels made their NFT launches public earlier this year, the response from many fans was brutal. But whereas a bitcoin is like a dollar bill—insofar as each one is worth as much as every other (making them fungible)—NFTs are individually unique. As of date, across NFT marketplaces, the trading volume of NFTs surpassed. Most commonly, an NFT contains an HTTP URL that points to a location of data somewhere on the internet. A non-fungible token (NFT) is a type of digital asset that can be owned and controlled independently, meaning that it’s unique in its characteristics. Non-fungible token. Choose an NFT marketplace. “Ether” is the native cryptocurrency token used by the Ethereum network. Here are some of the sub-units of. An NFT is a non-fungible token, meaning it’s a unique asset that cannot be copied and isn’t easily interchangeable. A DAO is a decentralized autonomous organization, a type of bottom-up entity structure with no central authority. Every industry, hobby, or subculture which works with technology has something to gain from the use of NFTs. Definition; 1:1 Art: A unique NFT art piece that only exists in one edition. Blockchain transactions take place on NFT marketplaces, reducing the obstacles of self-promotion. There's a unique and non-interchangeable unit of data stored on a digital ledger using blockchain technology to establish proof of ownership, as with cryptocurrenices like bitcoin. 5% gas fee that you need to pay to successfully mint an NFT using the Rarible marketplace. They are bought and sold online, frequently with cryptocurrency, and they are generally. Sentence: Wonyoung from IVE / Iz*One is so talented! She truly is a fourth-gen ace. Famous for the global phenomenon. a. NFT art is a digital asset that the buyer owns and can sell or trade on a blockchain platform. ” Fungible is an English word that means “being of such nature or kind as to be freely exchangeable or replaceable, in. Our major issue with them is that they're bad for the environment or something. It cannot be copied, substituted, or subdivided. The seller can decide to choose a floor price. How to use NFT in a sentence. Hybe, the South Korean agency behind K-pop megastar BTS, announced today that it plans to set up a joint venture with Korean crypto exchange Upbit to enter the non-fungible token (NFT) business. And as the industry jostles for more fans overseas, some fans say the. ”. Therefore a lot of the web3 jargon and NFT terminology comes from those generations of people. Non-fungible means that the token is unique and doesn’t have the. 4. NFT or a non-fungible token is a cryptographically-unique token stored on a distributed ledger technology (DLT) better known as the blockchain. High-quality, pre-shrunk heavy or lightweight fleece. That record lives on the Ethereum blockchain – an ongoing, impossible-to. The purchaser of the NFT should check who owns the underlying asset. They have many use cases, including artwork, digital collectibles, music, and items in video games. At any given time, an NFT can only have one owner. You could think of it as a certificate of authenticity that verifies a particular person owns certain rights to that unique digital asset. Overall, about 90 percent of all K-pop listeners live outside South Korea, according to K-Pop Radar, an industry tracker. An NFT’s reference to off-chain data can be anything written in code. Every NFT contains a digital signature which makes each one unique. This creates an auditable log of the tokens creation, metadata, ownership and transaction history over time. Upload the. A token is the sign of ownership of an asset. In Japanese, the term anime is used to refer to all animated works, regardless of style or origin. After you click on Create item, Rarible will ask you to mint the NFT on the blockchain. In that sense, NFTs are different. Let’s take NFT artworks for example. Think of an NFT like a first edition of a book signed by the author, a print of a painting signed by the artist, or a limited-edition vinyl record signed by all the members of the band. K-pop fans have perfected the art of the fan chant, in which fans in live studio audiences and live performances will shout alternate fan chants over the musical intros to songs, and sometimes as. Create the NFT: Once you have filled in the details of your NFT, simply select. Binance, one of the largest cryptocurrency exchanges, added an NFT marketplace in 2021. 018308 USD with a 24-hour trading volume of not available. Non-fungible tokens or NFTs are unique digital assets that are based on blockchain technology. e. 4EVE Members Profile. Jaden Jeong needs to get with the times. They are. The difference is all in the term “non-fungible. When it comes to which crypto you should get, Ether (ETH) is the leading one used for NFT transactions. Many NFT buyers want to resell NFTs for a profit and, while all investments are risky, NFTs might. bear panda nature. The first NFT on our list is from CryptoPunk, known. OpenSea is the world's first and largest web3 marketplace for NFTs and crypto collectibles. “K-NFT is proud to work with A. When you’re ready to part with an NFT (or want to put your own art on sale), you can list it for sale. The meaning of NON-FUNGIBLE TOKEN is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it); also : the asset that is represented by a non-fungible token —abbreviation. 1 2 Litto Heart beat Reactions 1,821 Posts 1,690 Guild 𝐌𝐈𝐂𝐇𝐄𝐋𝐈𝐍𝐒 Jul 6th 2022 #1 but bulk buying and non shipback no ok, the logical answer to the question would be the. Allegedly, there is no NFT out there that are completely safe for the environment as of now. Choose between creating a single digital copy of your NFT and creating multiple copies to sell the same item multiple times. Modhaus: A New Paradigm for K-Pop. Naver and Line Next will start a new K-pop-based NFT service named "NOW. 4EVE Members Profile. Those grant you commercial rights in the artwork of the NFT you purchased, meaning that you have the right to make and sell products like T-shirts, mugs. Binance NFT offers the typical digital assets found on other major platforms: artwork, gaming items. Nutrient film technique. 2) NFTs are investment vehicles. With alarming regularity, NFT projects pop up, promise buyers an exciting long-term vision, and then shutter and run off with buyers’ money. A dynamic NFT is, of course, still a non-fungible token, meaning it is a unique blockchain asset that is used to tokenize something else, such as a drawing, video, song, or similar. Others, like SuperRare and OpenSea, only let people use cryptocurrency. It's basically a unique digital identifier recorded in a blockchain. The sale, at Christie’s, for the. Conclusion. The first way is by starting up a full Bitcoin node and running Ord on the node. The Show FanBox NFT. He smashes together pop culture, technology, and. No, they really don’t have to be. NFT art is a collectible digital asset that can be tradeable in the digital world. 7 billion to US$10 billion, as far as exports are concerned. They debuted on February 13, 2023 with the mini album "Assemble". NFT stands for “non-fungible token” — “non-fungible” means it cannot be exchanged for something of similar value. Mar 28, 2023. A $5 bill is fungible because it. Con dinero, uno puede intercambiar un. Instead of a physical object, the highest bidder received a “nonfungible token. Drops" as a part of Line’s DOSI NFT trading service that opens later this month. These. Consumers have the opportunity to purchase "The Show FanBox NFT Collection", which is a set of short clips of K-Pop stars appearing on the "The Show". Head back to Rarible's homepage and click the blue Create button at the top right. QQL is an Ethereum generative art NFT collection created by Tyler Hobbs and Dandelion Wist. NMIXX (엔믹스) (formerly known as JYPn) is a 6-member South Korean girl group under JYP Entertainment, consisting of Haewon, Lily, Sullyoon, BAE, Jiwoo and Kyujin. No matter how intimately you plan on getting involved with NFTs, you need some understanding of blockchain and cryptocurrencies to follow along on NFTs. The Bottom Line. Non-fungible tokens are also indivisible (i. NFTs are stored on the blockchain to prove ownership and authenticity of unique digital or tangible items. This is different from tokens such as ETH or other Ethereum based tokens like USDC. But anyone can make NFTs , even out of content that doesn’t belong to them meaning fakes and scams abound. This type of certificate is digital and cannot be altered due to the nature of blockchains. 11. The current CoinMarketCap ranking is #1487, with a live market cap of $674,884 USD. Although metaverse garnered mainstream attention in the past year, the concept has existed for a while. NFT floor price is often determined and set by the owner of the NFT. "As reported by the Financial Times, roughly 80% of the total value associated with NFT-based items is held by only 9% of the community. Learn more about NFTs in this article. Updated August 9, 2023. by definition it is a ‘Decentralised Autonomous Organisation. Bottom row (L-R): Savanna, Kaylee, KG JYP Entertainment. At the time of writing, it has a total trading volume of over $6. Still Don’t Get What an NFT Is? A digital artwork by the artist Beeple recently sold for $69 million. They are bought and sold online, frequently with cryptocurrency, and they are generally. It failed because of this reason. When someone buys an NFT. Con dinero, uno puede intercambiar un. The project launched in April 2021. tripleS Concept: Well-known as “The idol of all possibilities“, tripleS aims to be the world’s first decentralized K-pop idol group. Sure enough, it sold $17 million worth of NFT mint passes upon. In economics, “fungible” is a term used for things that can be exchanged. NFT son las siglas en inglés de token no fungible. (a) Top 5 NFTs collections (by number of assets) organized by category. The partnership is designed to establish a platform business that will produce, distribute, and exchange NFT-related digital goods based on K-pop content, as well as develop, supply, and operate. – Due to her cute and lovely appearance, Apoki also captured the interests of K-pop fans, establishing growing fandom. Consider the audience you think will like your work and keep them in mind as you create. A PFP NFT, or picture-for-profile non-fungible token, is an exclusive digital image designed to serve as its owner’s personal profile picture. Nonfungible, meaning you can't exchange it for another thing of equal value. A blockchain is a type of distributed database or ledger—one of today’s top tech trends —which means the power to update a blockchain is distributed between the. You don't care which specific dollar bill (or ETH) you have in your. G and Pink Fantasy. An investment app is a service for mobile devices that allows users to invest and manage their money in various financial markets, including stocks, bonds, mutual funds and cryptocurrencies. But the NFT market appears to be cooling off these days, with falling transaction values and canceled auctions of high-dollar NFTs. So, a $20 bill is fungible in the sense that another $20 bill is just as valuable, or two $10 bills, for that matter. An NFT, or non-fungible token, is a digital asset with a unique signature that lives on a blockchain and can be anything from artwork and music to collectibles and videos. Fixed price: Set a price for your item and wait for someone to buy it. ”. E launched an NFT merchandise line. The initial creator of the NFT might also store any precise information within the NFT’s data. CryptoPunk #7804: $7. Binance NFT offers the typical digital assets found on other major platforms: artwork, gaming items. NFT stands for Non-Fungible Token. It is, by definition, one of a kind. Businesses and parts of the South Korean government are looking at creating metaverses;. NFC, which is short for near-field communication, is a technology that allows devices like phones and smartwatches to exchange small bits of data with other devices and read NFC-equipped cards. The buyer pays the. . 3 million, the third-highest price achieved by a living artist. OnchainRocks. As for Acid Angels of Asia, I liked their debut album, but I wish they leaned into even more experimentalism. ”. E was the first K-Pop group to tokenize their wares as NFTs, releasing a collection of digital collectibles for fans back in April 2021. – She was born in Namdong District, Incheon, South Korea. Bringing you closer than ever to your favorite creators, celebrities, and brands. Since late 2021, major K-pop companies like HYBE, YG and SM are entering the cryptocurrency and NFT business. The trick here, however, is to know what fungible means. It’s akin to a certificate of authenticity or a deed and it’s recorded on a. A. ”. Sometimes, it’s a risky business where a wrong move or a badly worded tweet could put you on one end of an intense argument. Summary. They are non-interchangeable, meaning one NFT cannot. 00%, while the average rate on a 30-year jumbo mortgage is. It reveals the base worth of a collection or NFT project and assists in finding the least market price for the NFT you're seeking. There are also projects that encourage users to purchase more NFTs with a view of creating other valuable digital assets. From art to a video clip to a music sample — anything that lives on a machine could be an NFT. Watching gamers' land evolve to merge with other users' plots to create vast expanses of blocky, colourful kingdoms is mesmerising. TrekkiNFT. If you've spent any amount of time on the internet this week, you've probably seen a Facebook post, tweet or news headline about "NFTs. Like Bitcoin or Ethereum. 5 million. He makes digital art—pixels on screens depicting bizarre, hilarious, disturbing, and sometimes grotesque images. HYBE Co. Decentralized applications (dApps) are digital applications or programs that run on a decentralized network, rather than a single computer or server. The uniqueID and metadata that. 9. BTS' Tomorrow. Wallet Connection: Connect your wallet to the. In some cases, NFTs have. If there’s one thing that has the potential to do the seemingly impossible and unite all of K-pop’s fandoms in 2021, it’s the industry embracing NFTs (“non-fungible tokens” or unique, digital. You can. Browse, create, buy, sell, and auction NFTs using OpenSea today. It is decentralised and open to scrutiny. He is well-known as a member of the legendary K-pop duo CLON. Modhaus has completed an NFT-based voting process, called Gravity, that will define the member composition of the first K-Pop group directed entirely by. As of date, across NFT marketplaces, the trading volume of NFTs surpassed. Every NFT contains a digital signature which makes each one unique. Christie's sale of an NFT by digital artist Beeple for $69m (£50m) set a new record for digital art. Anybody can create an NFT — but that doesn't mean anyone will buy it. This digital age is continuing to expand, even in music! Articles that explore the intersection of the burgeoning K-Pop industry and the digital world of cryptocurrencies, the blockchain, and NFTs. NFTs signal the latest evolution in blockchain-based assets, moving beyond cryptocurrencies. K-Pop Positions Explained. By contrast, physical money and cryptocurrencies are fungible, which. The two most common answers when discussing the value and use of NFTs are as follows: 1) NFTs are digital assets that let creators (finally) retain control of their IP and earn a living from their work. Although there are other programmable blockchains that offer smart contracts, such as Wexchain, most NFT marketplaces are still hosted on Ethereum’s blockchain. However, it is met with much resistance from K-pop fans as they share research that states an NFT transaction is bad for the environment and has a huge carbon footprint, larger than what some countries produce in a year. Unlike cryptocurrencies that also use the blockchain network for ownership verification, one NFT cannot be directly exchanged with another NFT. [1]Step 2 – Buy crypto. They aim to be the world's first. 10k project: An NFT collection of approximately 10,000 avatars, which was arguably pioneered by the famous CryptoPunks collection. Past NFT pack sales on WAX have quickly sold out in under six minutes, and very high demand is anticipated for these K-pop idols. The NFT project is willing to offer a bunch of (presumably non-Crypto) money to basically do everything to set up and launch the project while the people/brand. Definition. Non-fungible means that the token is unique and doesn’t have the. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. " NFTs are one-of-a-kind digital assets number that can convey ownership of digital content such as images, videos and music. NFT Profile Picture Meaning in Crypto. NFTs are tokens that are individually unique. NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated.