nft meaning kpop. The Collins English dictionary defines metaverse as “a proposed version of the internet that incorporates three-dimensional virtual environments. nft meaning kpop

 
 The Collins English dictionary defines metaverse as “a proposed version of the internet that incorporates three-dimensional virtual environmentsnft meaning kpop  Data, obviously, is stored in a database

S. The scheme is so common, there’s a term for it. Yogapetz. Hayeon’s AI-Produced Single “idkwtd” Will Be Sold As NFT Content. Blockchain transactions take place on NFT marketplaces, reducing the obstacles of self-promotion. – APOKI is a virtual artist, singer, dancer, and YouTuber under VV Entertainment. NFTs usually take the form of some type of artwork (graphic, audio, or video), or even in-game assets for certain virtual worlds — but they can also represent real-world assets like art, collectibles, and. 概要. The current average mortgage rate on a 30-year fixed mortgage is 7. Nonfungible, meaning you can't exchange it for another thing of equal value. 1. Even kpop fans realize there's literally no point in spending real money on a digital "certificate of authenticity" for something you see for free anyways. The blockchain serves as a public ledger, allowing anyone to verify the NFT's. 9. Corp ALL RIGHTS RESERVEDVernon (Korean: 버논), born as Choi Hansol (Korean: 최한솔), is a South Korean-American rapper and songwriter under Pledis Entertainment. The unique data of the NFTs makes it extremely easy to verify ownership and check all the past records regarding its buy and sell journey. NFTs are having their big-bang moment: collectors and speculators have spent more than $200 million on an array of NFT-based artwork, memes and GIFs in the past month alone, according to market. abbreviation for non-fungible token: a unique unit of data (= the only one existing of its type…. " At a basic level, an NFT is a digital asset that links ownership to unique physical or digital items — such as works of art, real estate, music, or videos. Before any of the members debuted,. The term NFT means "non-fungible token. But while NFTs may be fetching eye-popping, eyebrow-raising valuations, there is a logic to how — and when — they create value. Stage Name: Vernon (버논) Sub-Unit: Hip-Hop Team Position: Main Rapper Visual Sub-Vocalist 1st Look Vol. Making Sense of the NFT Marketplace. There are also projects that encourage users to purchase more NFTs with a view of creating other valuable digital assets. Decentraland and The Sandbox are the most famous examples of metaverses with a real estate market. Definition. Non-Fungible Token atau NFT adalah adalah sertifikat keaslian yang unik pada blockchain yang biasanya dikeluarkan oleh pencipta aset. So when it comes to doing the seemingly impossible and uniting all of K-Pop, the industry's embrace of. (Image credit: Immutable) 03. DEFINITION. 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. 00%, while the average rate on a 30-year jumbo mortgage is. They were introduced to the public through a pre-debut project that began in May 2022, where each of the members are being revealed. OpenSea is the original peer-to-peer NFT marketplace, and far and away the largest. No two NFTs can be swapped, and this makes them non-fungible. supply is not available. The information on this digital certificate, also known as a smart contract, makes each NFT unique. 4EVE Members Profile. In simple terms these cryptographic assets are based on blockchain technology. An asset originator bridges a real world asset using Tinlake. At the time of writing, it has a total trading volume of over $6. 4 million active. NFT collections are created when artists collaborate to launch a series of NFTs (issued and sold in digital forms like videos, music, and tweets). A non-fungible token, or NFT, is a non-interchangeable digital asset such as a photograph, song, or video whose ownership has been authenticated and stored on a database called a blockchain. Although there are other programmable blockchains that offer smart contracts, such as Wexchain, most NFT marketplaces are still hosted on Ethereum’s blockchain. I hope someone talks more about what NFTs actually mean, which is (mainly) illegitimate big business and environmental harm. . Overall, about 90 percent of all K-pop listeners live outside South Korea, according to K-Pop Radar, an industry tracker. How NFT games are changing the way we play. NFT stands for ‘non-fungible token’. sis only posted facts "If you gain weight, you’re fat; if you’re skinny, you look sick; if you dress loosely, you look like a man; if you wear dress tightly, it’s too revealing; if you eat a lot, you’re like a pig; if you eat little, you’re picky, if you like luxury, you’re frivolous; if you like being frugal, you don’t know how to dress up, people who are going to insult me are. NFT Meaning (Fungibility Meaning) The key idea in this term is, non fungible. An NFT’s reference to off-chain data can be anything written in code. Modhaus has a one-to-one connection between blockchain, NFT, and the fans from trainee selection to creating the concept. NFT stands for non-fungible token. ”The tokens give K-Pop fans and other investors a claim of real ownership in digital products related to RBW entertainers. To The World, This is NCT! Hello, we are NCT!(To The World, 여긴 NCT! 안녕하세요, 엔시티입니다!)NCT NCT (엔시티), short for "Neo Culture Technology", is a 26-member boy group under SM Entertainment. NFT is a technology that is drawing much attention lately due to its potential as a new driver for revenue maximization. NFT stands for “non-fungible token. NFTs are most commonly tied to digital content like computer art or video clips. NFT, or Non-Fungible Token, is a type of digital asset used to represent ownership or proof of authenticity for unique items such as art, collectibles, and music. 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. NFT or a non-fungible token is a cryptographically-unique token stored on a distributed ledger technology (DLT) better known as the blockchain. Like Bitcoin or Ethereum. The difference is all in the term “non-fungible. QQL is an Ethereum generative art NFT collection created by Tyler Hobbs and Dandelion Wist. The group’s concept is the. Ha ha. Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. . nftは、ブロックチェーンと呼ばれるデジタル台帳上に記録されている売買可能なデータ単位である。 nftは、特定のデジタル資産や物理的資産(コンピュータ上のファイルや物理的な物体など)、およびその資産を特定目的で使用するためのライセンスに関連づけることができる 。I don't understand why kpop fans hate NFTs so much. The fans solely operate these procedures. Transactions are recorded in an account book called a ledger. An NFT is a digital asset that represents a real-world object. It wants governments to expand their regulatory oversight of virtual asset. . Each NFT has different properties (non-fungible) and is provably scarce. Browse, create, buy, sell, and auction NFTs using OpenSea today. E and WAX on the first-ever. Gods Unchained. The first is to describe all cryptocurrencies besides Bitcoin and Ethereum (even though they are technically also tokens). description of the object in the metadata of its smart contract, or it can store encrypted link. dream fantasy ghost. Physical money and. Every NFT contains a digital signature which makes each one unique. We will work tirelessly to ensure that our fans are included across major stages of production through encouragement and active communication. By some. Here's how it works. Instead of a physical object, the highest bidder received a “nonfungible token. A $5 bill is fungible because it. Dylan Field, the CEO of design software company Figma, is behind the sale of the fifth-most expensive NFT in history— CryptoPunk #7804. S. Blackdove and its Blackdove Digital Canvas are on the super-high end of the NFT frame spectrum. Yes, the NFT meaning may have been given away in the title. 2) NFTs are investment vehicles. NFT gaming is growing fast, but more importantly NFT gamers are finding a purpose in their hobby. In most K-Pop groups there’s an appointed leader, who’s usually (but not always) the eldest member or at least one of the eldest members. Every NFT contains a digital signature which makes each one unique. tripleS (Korean: 트리플에스; Japanese: トリプルS) is a girl group under MODHAUS. 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. “One True,” refers to the total number of band members a fan normally supports. Ali spagnola nft sale you appear to have chosen yours unusually well, was. Kpop companies are already very "capitalistic" (I'm misusing the term here, but you know what I mean) even without NFTs. Binance NFT offers the typical digital assets found on other major platforms: artwork, gaming items. Anything can become an NFT—a piece of art, sports memorabilia, or even a tweet. Plants placed into nutrient-rich water channels in an NFT system. , was founded in February in Delaware, according to public records. "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. To buy or sell NFT art, you’ll need a digital wallet. The first way is by starting up a full Bitcoin node and running Ord on the node. C. Image: Larva Labs. Con dinero, uno puede intercambiar un. Aespa, the four-member K-pop group from SM Entertainment, is launching an NFT collection with the Web3 artist Blake Kathryn that will give fans access to. When it comes to which crypto you should get, Ether (ETH) is the leading one used for NFT transactions. (For a more detailed look at what an. We update our NFT to USD price in real-time. Core Aspects of Floor Price. 018308 USD with a 24-hour trading volume of not available. These items are stored individually on the blockchain. 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. C. But some metaverses, like Upland, have inexpensive real estate markets with plots going for as low as a few dollars. By creating a system of verifiable digital ownership NFTs. Triple S makes good music so I'm happy to listen to them, and I stay away from the NFT bs. Ethereum is the name of the network. E was the first K-Pop group to tokenize their wares as NFTs, releasing a collection NFT meanings and slang: what you need to know. That’s the most common. By creating a system of verifiable digital ownership NFTs. Non-fungible tokens or NFTs are unique digital assets that are based on blockchain technology. An innovative funding model is starting to build momentum in South Korea for industries art, collectibles, media, gaming, and even music. Many NFT buyers want to resell NFTs for a profit and, while all investments are risky, NFTs might. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. blockchain network. What was once confined mainly to South Korea and neighboring countries like Japan, K-Pop, a genre that mixes elements of Hip Hop, R&B, EDM, and other musical styles has left its home and is quick-becoming a major cultural influence around the world. They are bought and sold online, frequently with cryptocurrency, and they are generally. 4. e. 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. NFT stands for non-fungible token, meaning unique digital asset. No, they really don’t have to be. NFT is an abbreviation for "Non-Fungible Token. NFT stands for “non-fungible token. non-fungible token:… See the full definition. Minting an NFT, or non-fungible token, is publishing a unique digital asset on a blockchain so that it can be bought, sold, and traded. Definition; 1:1 Art: A unique NFT art piece that only exists in one edition. They were introduced to the public through a pre-debut project that began in May 2022, where each of the members are being revealed periodically. Credit: Modhaus. 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. The Show FanBox NFT. ”. – She was born in Namdong District, Incheon, South Korea. NFT floor price is often determined and set by the owner of the NFT. The first NFT collection from former President Donald Trump sold out less than a day after going on sale, giving its creators a nearly $4. After you provide all these details, click on Create item to mint your NFT on Rarible. That’s what NFTs are all about. Therefore. 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. As a business, you can earn revenue, in perpetuity via a royalty, through a smart contract. 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. NFT, short for a non-fungible token, is defined as a blockchain record intrinsically connected to a real word or digital asset with clear ownership via smart contract technology, which allows NFT to be bought, sold, traded, or transferred. Sometime in January, Filipino high school student Natasha Sy, 17, posted a listing to a Philippines-based buy-and-sell (BNS) Facebook group dedicated to one of her favorite K-pop bands. i mean it’s my first time hearing the situation you’re describing, but the really short version is that it takes incomparably much more energy to mine and nft than it does to print an album/merch. #3. NFTs are almost by definition rug pulls or scams now, or associated with theft and scams so strongly that anything that even smells like an NFT or a DAO is going to be recoiled from. 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. Coinbase’s Saxena said on “NFT Now” that “NFTs can reflect who you are, your ethos, your values. These underlying “things” can range from digital. Binance, one of the largest cryptocurrency exchanges, added an NFT marketplace in 2021. And as the industry jostles for more fans overseas, some fans say the. Bringing you closer than ever to your favorite creators, celebrities, and brands. This is similar to old. 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". i’m sure that someone with much more knowledge on the topic than me will elaborate further. Our major issue with them is that they're bad for the environment or something. Because the nature of NFTs is intrinsically tied to future technological developments. well a recent example i saw would be NCTs Kun posting one of those NFT monkey pics on his insta and ig nctzens called him out in the comments and he took it down 20 minutes later i think. 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. And each unique digital art has metadata that contains the artist's name, creation date, title, and other relevant information. 4EVE Official Accounts: Instagram: @4eve_official. A Non-Fungible Token is a piece of code on a computer that exists in a fashion similar to that of cryptocurrency like Bitcoin. 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. honeycomb structure. Fans will be able to buy “The Show FanBox NFT Collection”, a set of short clips of K-pop stars appearing on The Show, a weekly music programme on South Korean channel SBS. It has a circulating supply of 36,863,404 NFT coins and the max. 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. Their debut mini album. Scams and rug pulls: NFTs exist in the anonymous and unregulated world of cryptocurrency, which unfortunately brings scammers out of the woodwork like. NFT means non-fungible tokens (NFTs), which are generally created using the same type of programming used for cryptocurrencies. CryptoPunk #7804. That was simple, yes, but understanding what it means is not the same as understanding what it actually is. The Collins English dictionary defines metaverse as “a proposed version of the internet that incorporates three-dimensional virtual environments. Secondly, this type of art normally does have shady connotations, i. But the NFT market appears to be cooling off these days, with falling transaction values and canceled auctions of high-dollar NFTs. PFP (profile picture) is a popular social media acronym. Bored Ape Yacht Club, often colloquially called Bored Apes, Bored Ape or BAYC, is a non-fungible token (NFT) collection built on the Ethereum blockchain. The NFT industry is still rather young. Unlike cryptocurrencies that also use the blockchain network for ownership verification, one NFT cannot be directly exchanged with another NFT. NFTs can represent digital or real-world items like artwork and real estate. What does NFT mean. 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. Terminology gets thrown around, and using context clues isn’t always the easiest way to figure out what the terms mean. They allow you to create, sell, and buy NFTs. And yet, when K-pop labels made their NFT launches public earlier this year, the response from many fans was brutal. That would defeat the whole purpose of non-fungible tokens, as you want only one of them. Drops" as a part of Line’s DOSI NFT trading service that opens later this month. In the context of K. Although metaverse garnered mainstream attention in the past year, the concept has existed for a while. But is it really worth it, and what do you really get? The International Federation of the Phonographic Industry revealed in its global music report released in March that 2020 had been a “record-breaking year for K-pop,” as it drove South Korea to 44. Modhaus promises to create a fan-centered entertainment system. An NFT marketplace is somewhere you can buy and sell NFTs. As a type of animation, anime is an art form that comprises many genres found in other mediums; it is sometimes mistakenly classified as a genre itself. nft non-fungible token. blockchain bitcoin. Royalty-free images. NFTs are unique because they cannot be exchanged for other assets of equal value, like how fiat currency or cryptocurrencies can be exchanged for goods or services. NFT's are already dying. In its simplest form, non-fungible means a unique digital asset. Learn more. Sales of NFTs, or non-fungible tokens, has risen from under $100 million in 2020 to $25 billion in. Each NFT has different properties (non-fungible) and is provably scarce. ”. The NFT itself is a unit of data that provides proof of ownership. Because every NFT is unique, they can be used to authenticate ownership of digital assets like artworks, recordings. Non-fungible means that something is unique and can’t be replaced. In Japanese, the term anime is used to refer to all animated works, regardless of style or origin. bear panda nature. Like a car title, a consumer can buy an NFT associated with a rare bottle of Scotch and then resell that NFT (meaning the title in our car analogy) to another person, which would transfer ownership of the bottle of. En Economía, un activo fungible es algo con unidades que se pueden intercambiar fácilmente, como dinero. NFT stands for non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only. NFT art is a collectible digital asset that can be tradeable in the digital world. For example, a concert ticket is a sign of ownership of one space for a concert. A non-fungible token is a digital identifier recorded in the blockchain. The project launched in April 2021. "These aren’t. The term could refer to a group’s overarching concept (think girl group. Even kpop fans realize there's literally no point in spending real money on a digital "certificate of authenticity" for something you see for free anyways. This article uses examples to explain how a non-fungible token (NFT) works and its seven main uses. ”. Find & Download Free Graphic Resources for Nft. NFT meaning: 1. Alternatively, the NFT floor price can also be the lowest amount of ETH a person is able to spend to own an NFT or become a member of an NFT project. Christie's sale of an NFT by digital artist Beeple for $69m (£50m) set a new record for digital art. ). How to use K-pop in a sentence. Description of the NFT landscape. 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. Shop Meta Meaning Hoodies and Sweatshirts designed and sold by artists for men, women, and everyone. Although not commonplace, an NFT seller can sell both the NFT and the underlying asset together. Non-fungible tokens validate the authenticity and ownership of a digital asset. Mar 28, 2023. This means that it’s not too late to take advantage of NFT giveaways. NFT stands for “non-fungible token. On Thursday night, JYP’s K-pop audition show A2K introduced the world to VCHA, created from the A2K final lineup. OK, I know NFT stands for nonfungible token. An NFT is a digital asset that can come in the form of art, music, in-game items, videos, and more. One of the […]Non-fungible tokens (NFTs) are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable. One bar of gold can be swapped for another bar of gold of the same size. I mean, I do: it's because some fans feel the NEED to engage with every. Photo: Beat Interactive. 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. NFTs signal the latest evolution in blockchain-based assets, moving beyond cryptocurrencies. HYBE, the music agency that manages Korean pop (K-pop) megastars BTS – creators of hit track ‘Butter’ – has signed a joint venture (JV) with South. 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. This certificate is stored on a blockchain, a publicly accessible digital ledger of transactions that allows anyone to see who owns a. As of date, across NFT marketplaces, the trading volume of NFTs surpassed. Since the inception of the modern music industry as we know it, there have been thriving parallel markets for a milieu of memorabilia; autographed items, vinyl. The token is a digital item that represents a physical or digital item as information. . fungible: [adjective] being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account. " The term stands for non-fungible token. nft non-fungible token. The company selling the cards, NFT INT L. All orders are custom made and most ship worldwide within 24 hours. One of the […]Non-fungible tokens (NFTs) are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable. Moonbirds: Mythics. But unlike most bitcoin–which is fungible, meaning. Con dinero, uno puede intercambiar un. This term is also commonly used to refer to similar avatar projects instead of the actual number of NFTs in the collection. NFTs have been controversial in K-Pop, with many entertainment companies creating their own. But while NFTs may be fetching eye-popping, eyebrow-raising valuations, there is a logic to how — and when — they create value. NFT, short for a non-fungible token, is defined as a blockchain record intrinsically connected to a real word or digital asset with clear ownership via smart contract technology, which allows NFT to be bought, sold, traded, or transferred. Upon pool creation, two tokens are created: DROP tokens and TIN tokens. HUMAN ONE. They are unique digital objects that can be cool to own or even profitable to trade. NFTs (or “non-fungible tokens”) are a special kind of cryptoasset in which each token is unique — as opposed to “fungible” assets like Bitcoin and dollar bills, which are all worth exactly the same amount. Eternity. Chief among them: What on earth is an NFT? NFT stands for what now? It stands for "nonfungible token. Passive systems such as Wick Systems have no moving parts. K-Pop Positions Explained. NOW. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. Clock — $52. Overall, about 90 percent of all K-pop listeners live outside South Korea, according to K-Pop Radar, an industry tracker. Blockchain is a technology that enables the secure sharing of information. NFT stands for ‘non-fungible token’. NFT is an active system, meaning that it relies on moving parts to work. Modhaus has a one-to-one connection between blockchain, NFT, and the fans from trainee selection to creating the concept. Mechanized machines in fierce combat — this is something many will easily stand behind. NFT son las siglas en inglés de token no fungible. Two blockchains are supported: Ethereum and Binance. 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. Still Don’t Get What an NFT Is? A digital artwork by the artist Beeple recently sold for $69 million. Nutrient film technique. 5 million windfall. NFT Profile Picture Meaning in Crypto. NFTs are enabling gamers to find new ways to play and earn, as Bequant's Martha Reyes explains. As of date, across NFT marketplaces, the trading volume of NFTs surpassed. Available in lightweight cotton or premium all-over-printed options. If an artist uploaded the same image twice onto the blockchain—the decentralized (and therefore. Because of this 1:1 Art is higher in value as it's more scarce, such as Beeple's Everydays: the First 5000 Days, but. He is a member of the boy group SEVENTEEN, and it’s subunit 'Hip-Hop Team'. I. OpenSea is the world's first and largest web3 marketplace for NFTs and crypto collectibles. A year ago, America 2. What we mean by this is that even if you pay $1 million for an original Beeple NFT, it doesn’t mean that you’ll be able to sell it for $1 million or more. By contrast, physical money and cryptocurrencies are fungible, which. Essentially, a non-fungible token is proof of ownership. Browse, create, buy,. The latest addition to this list is K-Pop boy band Bangtan Boys, popularly known as BTS. – Eternity is an. For example, if you have 100 Ethereum tokens, they are all the same, while if you. . Most of us don't even really understand it. . NFTs, or non-fungible tokens, share some similarities with cryptocurrencies like Bitcoin. The trading card website lists a company address that corresponds to a mailbox in a. The Collins English dictionary defines metaverse as “a proposed version of the internet that incorporates three-dimensional virtual environments. This type of certificate is digital and cannot be altered due to the nature of blockchains. The members will rotate between the group, sub-unit, and solo activities, as chosen by fans as they will be able to participate and communicate with the group such as deciding the sub-units and the content through NFT photo cards called 'Objekts'. Maximal extractable value was first applied in the context of proof-of-work, and initially referred to as "miner extractable value". ค่ายเพลง K-POP ชั้นนำ เตรียมออกสินค้าที่ระลึกของศิลปินในรูปแบบของ NFT ภายในปีนี้ ท่ามกลางการต่อต้านของแฟนคลับ. – She was born in Namdong District, Incheon, South Korea. An NFT can store a short. CryptoPunk #7804: $7. They are. thing. CryptoPunk #2338 – $4. En Economía, un activo fungible es algo con unidades que se pueden intercambiar fácilmente, como dinero. NFT is an acronym for “non-fungible token. Hundreds of nft images to choose from. In some cases, NFTs have. K-pop is music that is stuffed but never bloated; music that is fun and meant to elicit joy when listened to and seen (K-pop is designed to be enjoyed visually as much, if not more, than it is. Most commonly, an NFT contains an HTTP URL that points to a location of data somewhere on the internet. Non-fungible means that something is unique and can’t be replaced. APOKI. After giving up on mining, I started my own NFT project, and I am glad that I did that. Unlike the original. e. So what is an NFT, anyway? In essence, an NFT, or non-fungible token, is just a record that someone owns something. An NFT, or non-fungible token, is a unique digital representation of a good — for our purposes, a work of art.