Non-fungible Tokens and DeFi Sector | Coin Bureau

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Non-fungible Tokens and DeFi Sector | Coin Bureau

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you will learn about NFT's. Digital collectibles that cannot be replicated. NFT's cannot be duplicated, they are unique. Fungible tokens such as Bitcoin and Ethereum tokens are all the same. One Bitcoin is equal to another Bitcoin at any specific point in time, no matter who owns it. Non fungible tokens are antiques, they can be one of a kind and owned by just one individual. A NFT can be transferred p2p to another person and the new owner has proof of legitimacy.

Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Ethereum ERC-721 tokens are NFT's. Ethereum ERC-20 are FT's. ERC-1155 is able to do both NFT's and FT's.

One of the most popular projects working with NFT's is Decentraland.

Jump to a video segment:

5:59 What Are Non-Fungible Tokens?

13:37 Why Non-Fungible Tokens Could Be Really Disruptive

19:31 How Do Non-Fungible Tokens Synergise With DeFi?

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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