'The History of Non-Fungible Tokens (NFTs)' by iulliamd_SPH web3 oct_network
A non-fungible token is only a one-of-a-kind digital asset. Bitcoin is fungible, which means that all bitcoins are identical and entirely interchangeable. A work of art is an example of a non-fungible token. I can have two identical works of digital art, yet each one is completely distinct. The next sample displays two NFTs from the crypto-artist Josie.
Colored Coins showed a significant advancement in Bitcoin's capabilities; nevertheless, their disadvantage was that they could only represent specific values if everyone agreed on their worth. Colored Coins were only as strong as their weakest member since Bitcoin's programming language was never intended to allow this sort of activity inside its network. For example, three persons agree that 100 Colored Coins equal 100 firm shares.
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