NFTslangs.com

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Fungible Tokens (FT)

What does Fungible Tokens (FT) means?

These are tokens that are swappable for physical or digital items like NFTs. Fungible tokens, however, have buying power.

Examples

ETH, SOL, Bitcoin, and many other cryptocurrencies are examples of fungible tokens.

 

Random Slangs

Discord

A community-based chatting platform where members of an NFT community interact and disseminate information. Discord’s structure features a server with many communication channels. The server

DeFi

A short form of “decentralized finance.” DeFi defines technology that gives users control over their financial transactions. However, many DeFi systems operate on the blockchain

Fiat

These are official currencies issued and controlled by the government. Unlike cryptocurrencies, fiats are stable and not volatile. Examples are the common official currencies like

Miner

An individual who participates in crypto mining. Miners use high-performant GPUs, as the process requires high computing power as more miners join the mining process.

IDK

A short way to say, “I don’t know.” It’s an honest way to express a lack of idea about a subject matter. And besides NFT,

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