What the Fungible is an NFT?
NFT stands for Non-fungible token. So fairly straight forward then ... or NOT!
Okay perhaps if we break it down it will make more sense. Non
- well of course that is French for No. Fungible
- well clearly that's not a real word, somebody just made that up to try to impress you. Token
is the past tense of Toke. Something to do with drug taking, then.
Let's try breaking down Fungible - obviously we get FUN and Gible. As all Pokémon players would know Gible is …
Gible is a dual-type Dragon/Ground Pokemon introduced in Generation IV. It evolves into Gabite starting at level 24, which evolves into Garchomp starting at level 48.
Chasing the dragon is a way of smoking heroin - so another drug reference.
So clearly the message we have is there's No Fun to be had Smoking Heroin
We can consult Wikipedia …
A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded.
Which is almost as incomprehensible as our own definition.
So what is the bottom line here? When things are "hot" and too complex for most people to understand, the chances are you're going to get ripped off. If you want to say you own an NFT then get one from us, its cheap easy and you'll own the copyright to the image - unlike many other NFTs (see Wikipedia article) we won't store your ownership in a blockchain but we will store it in a secure database.
So if you're ready to give it a try (and why not - it's free!) … just click here to start