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Non-Fungible Token (NFT): What It Means and How It Works

Financial Concepts

Definition

Non-fungible tokens (NFTs) are assets that have been tokenized via a blockchain. Tokens are unique identification codes created from metadata via an encryption function. These tokens are then stored on a blockchain, while the assets themselves are stored in other places. The connection between the token and the asset is what makes them unique. NFTs can be traded and exchanged for money, cryptocurr

In Panel Profits

In the Panel Profits market platform, Non-Fungible Token (NFT): What It Means and How It Works applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.