nft22

The first use of non-fungible tokens was the creation of a coin made up of pieces. The earliest coins were not produced in accordance with a standard or protocol, but were simply mixtures or combinations of a few materials. image source: nftnow.com The components for these coins were not fungible, something that is easily understood when you realize an individual coin could have gold on one side and copper on the other side. In our modern world, this is not possible because there would be no way to tell which side was applied first. image source: decrypt.co However, it’s still possible to create non-fungible tokens using tokens that are created to follow a standard format and possess certain qualities connected with them like their owner's social security number. Non-fungible tokens are an emerging and rapidly developing technology that has the potential to dramatically change the way we buy, sell, trade and spend digital assets. image source: cryptoslate.com Non-fungible tokens