Non-fungible token: Difference between revisions

Non-fungible token (view source)

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 {{d|Non-fungible token|/nɒn-fʌnʤəbl/ /ˈtəʊkən/|n|}}<br>
-A unique reference to an external thing that has been cryptographically encoded on a [[blockchain]]. Rather like a derivative (!) an [[NFT]] does ''not'' confer ownership on its referent, or even contain a copy of it, but — unlike any other copy of the referent it is a ''unique'' token of one’s, er, ''non''-ownership of the referent. There is no other token of non-ownership quite like it, you see, and given how the [[bollockchain]] works, it is quite impossible to create one. That is why it is “non-[[fungible]]”.
+A unique reference to an external thing that has been cryptographically encoded on a [[blockchain]]. Rather like a derivative (!) an [[NFT]] does ''not'' confer ownership on its referent, or even contain a copy of it, but — unlike any other copy of the referent it is a ''unique'' token of one’s, er, ''non''-ownership of the referent. There is no other token of non-ownership quite like it, you see, and given how the [[blockchain]] works, it is quite impossible to create one. That is why it is “non-[[fungible]]”.
 Now this would not stop someone else from creating a ''different'' unique token representing the same referent on the [[blockchain]]; the two tokens would just be different representations of it. Not identical: each unique. With me? No? Don’t worry: that’s not your fault.