Tag: Digital Assets
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Non-Fungible Token (NFT): Definition and Operation
Definition A non fungible token is a cryptographic record on a distributed ledger that links a single identifier to a digital file, physical object, or bundle of legal rights. An NFT originates when software hashes the metadata of an image, audio clip, or three dimensional model. The resulting 64-character string becomes the token’s identity. The…
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What Are Native Tokens?
A native token is a digital asset minted directly on a blockchain protocol. Early usage limited the label to the first asset that powered a chain. Over time the label expanded to cover every asset issued by the protocol itself, regardless of function. Bitcoin, ether along with the dollar pegged USDC illustrate the range. Bitcoin…
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