Feb 18
1 min read
What is an NFT ?
NFT means “Non-Fungible Token”
What does it mean?
An NFT is not substitutable for another. To understand, let’s take the example of a so-called fungible dollar coin. This coin can be interchanged with any other one dollar coin that is worth exactly the same as it… One dollar.
For NFTs, it’s the other way around. It is the unique serial number that accompanies each NFT that creates its value.
NFTs are sold on the blockchain. Becoming the owner of an NFT does not make you the single user of a work. This remains duplicable. You only have a slightly rarer certified version of this item.
On the NFT GENIUS Platform, you can purchase physical works, receive them at home and also obtain an NFT which represents the authenticity of this work.
