plural non-fungible tokens also nonfungible tokens
: a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)
also : the asset that is represented by a non-fungible token
abbreviation NFT
block·chain
: a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network
also : the technology used to create such a database
cryp·to·cur·ren·cy
: any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions
Bitcoin "was designed as a digital currency that operates independently of any central authority. Bitcoin is sometimes referred to as digital gold due to its perceived scarcity and durability. It primarily serves as a store of value and a medium of exchange, facilitating transactions without the need for a central authority."
Ethereum "is a decentralized platform that enables the development and execution of smart contracts and decentralized applications (dapps), with its native digital asset, Ether, being used to power these operations. Ethereum allows for transactions that contain executable code, enabling the creation of smart contracts and dapps."
Decentralized finance, or DeFi, is an emerging network of peer-to-peer financial services that uses blockchain technology to facilitate lending, borrowing, staking, and trading.
Advocates believe DeFi may revolutionize the traditional financial system by cutting out intermediaries like banks and credit card companies.
EONN LLC directly engages in neutral crypto transactions by supporting frameworks for sustainable mining and transaction encryption.