What is NFT (Non-Fungible Token)

NFT is the abbreviation of Non-Fungible Token, which is called "non-fungible token" in Chinese. It generally refers to the digital assets developed by developers through blockchain contract technology. The asset is generally indivisible, irreplaceable and unique.

On the blockchain, crypto tokens can be roughly divided into two categories: homogenous and non-fungible. A homogenized token means that the content, quality, value and other aspects of the two are equal. For example, the $1 in your hand is essentially the same as the $1 in mine. The concept of non-fungible tokens is the opposite. Taking reality as an example, although the price of two tickets is the same, the two tickets cannot be exchanged due to factors such as destination, departure time, seat and so on.

In the blockchain, NFTs have unique characteristics. In addition to the possible image differences, the most important thing is that the encrypted data of NFTs are not the same, so they cannot be exchanged.

Although it explains the advantages of NFT and the current capital's pursuit of it, but at the root, NFT is still an emerging market, and the biggest risk of emerging markets is that it is easy to bubble. Looking back at the Internet bubble in the early 2000s, the same is true. The Internet technology that was once highly touted by the market caused countless people to plunge into this field, thinking about getting a piece of the pie in that era, and the companies and entrepreneurs that survived successfully, in the end, are again. How many are there?