What the heck is a NFT?
We know you’ve heard about it, maybe in passing, through a friend, or on the internet. But what the heck is this ‘NFT’ thing that people keep talking about?
Well we’re here to help answer just that. Read our article below for a short and sweet summary on exactly what an NFT is.
What does ‘NFT’ mean?
‘NFT’ stands for non-fungible token.
![RHINO2_3+copy](https://canucks-publishing.com/wp-content/uploads/2021/11/RHINO2_3copy.png)
What the heck does non-fungible token mean?
The word ‘non-fungible’ means that it is unique and cannot be 1:1 replicated or replaced with something else. An $ADA is fungible as you can trade one for another $ADA as you would have the exact same thing. A unique one-of-a-kind piece is non-fungible. Trading for something else would give you something completely different. A real-life example would be trading a Pokémon card for a Yu-Gi-Oh card.
![Canuckz0004](https://canucks-publishing.com/wp-content/uploads/2021/11/Canuckz0004.png)
So how do NFTs work?
NFTs are apart of a crypto blockchain at a very high level meaning it has a blockchain that is supporting these NFTs. This means these pieces store extra information that makes them different from the crypto currency itself.
![E_pZXxNVcAIreUP](https://canucks-publishing.com/wp-content/uploads/2021/11/E_pZXxNVcAIreUP.png)
What can be an NFT?
You can add things like social links, update the image, description, and name by clicking ‘Edit’. You can also fine tune a secondary sales fee of up to 10% (commissions). Once you are happy with your edits select the ‘Submit Changes’ button.
![Capture](https://canucks-publishing.com/wp-content/uploads/2021/11/Capture.png)
Seriously…. Anything digital? I can make my old high school paper an NFT?
Technically – yes. When we say ‘anything digital’ we really mean anything digital. But finding a buyer for that might be a little harder.
![unholy-kow](https://canucks-publishing.com/wp-content/uploads/2021/11/unholy-kow-1.png)
What is the evolution of NFTs?
There is a lot of talk across the internet of NFTs becoming the evolution of fine art collecting in a digitized space, and there are many different routes and opportunities for the space to grow and evolve.
![ezgif-3-1ae3beca480b](https://canucks-publishing.com/wp-content/uploads/2021/11/ezgif-3-1ae3beca480b.gif)
Learn More
Read more articles on NFTs and the Cardano Blockchain