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Congratulations to Youngbliss for winning the previous quiz🤝Trivia Quiz⁉️⁉️ What is the full meaning of NFT and what is it all about?What is the first official crypto currency in the world?Which crypto currency is usually used to price or list the price of NFT?Rush and answer to win 5h daily✅Just login, answer and win 5h daily💯✅
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1,NFT meaning and definition
NFT stands for ‘non-fungible token’. Non-fungible means that something is unique and can’t be replaced. By contrast, physical money and cryptocurrencies are fungible, which means they can be traded or exchanged for one another2, Bitcoin
3,etherum
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1. “NFT” stands for “non-fungible token.” The “non-fungible” part means that they’re bought and sold like physical art, except they exist only in the digital world. Artists use NFTs to claim ownership of their work, and buyers use them to collect art and sometimes to make a profit. The NFT market is booming right now and is attracting a lot of attention.
2.The first cryptocurrency was Bitcoin, which was created in 2009. Bitcoin was developed by an anonymous person or group of people under the name Satoshi Nakamoto. It’s the most popular cryptocurrency in the world and is used by millions of people. Since Bitcoin was created, many other cryptocurrencies have been developed, but Bitcoin is still the most widely used and is often considered the “gold standard” of the crypto world.
3.Ethereum is the most common cryptocurrency used to buy and sell NFTs. Most NFTs are created using the Ethereum blockchain, and transactions are typically conducted using Ether, which is Ethereum’s native currency. So if you’re looking to buy or sell an NFT, chances are you’ll be using Ether. Of course, there are other blockchain networks and cryptocurrencies that can be used for NFTs, but Ethereum is by far the most popular.