A fragmented image of a bearded man smoking
a cigarette while wearing dark sunglasses and a top hat. According to some
estimates, it's worth somewhere between $500,000 and $100 million. Yes, you
read it right. It possesses great worth, and that's what is NFT. You might have
been hearing about this word quite a lot lately. Everywhere you go, everyone
talks about NFT. But to dive deeper into the concept of NFT that is Non
Fungible token. You first need to understand the concept of the term may appear
sophisticated, yet it is a straightforward concept that we can apply to our
daily lives. At its most basic level, a fungible item may be exchanged 1:1 with
another item of the same categorization or description.
To make it better for you to understand it more
conceptually and need assignment
help , here is the example that is the most relatable fungible item
currency note. Either it is mine or yours, or you find it somewhere else.
Fungible goods/assets are divisible as well as interchangeable. This means they
can be multiplied or divided without affecting the item's essence. A dollar can
be divided into any number of coins totalling 100 cents and yet represent the
same amount of money.
So if something is fungible, then something might also be
non-fungible.
Source - First Step Towards Becoming Next Billionaire
Sample
Assignment
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