NFT stands for Non- Fungible Token. A non-fungible token is a one-of-a-kind digital item. Bitcoins and rupees are fungible. If you have a bitcoin and your friend has a bitcoin, you can trade and nothing will change, because all 20 million bitcoins are exactly alike. Every NFT token is unique. If you and your friend each have an NFT and you trade, you end up with something different. For example, Cryptokittes is a one-of-a-kind NFT through which you can breed, collect, and own adorable digital cats! Two digital paintings can be NFTs as long as each one is a different painting. NFT’s like ZebPay’s upcoming Dazzle can even offer unique benefits, like discounts or rewards
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
