What are Asset Backed NFT’s
In the world of cryptocurrencies, there are two general types of tokens: fungible and non-fungible. Fungible tokens are ones that can be exchanged for any other token of the same type, like bitcoin or Ether. Non-fungible tokens, on the other hand, are different because they are unique and can’t be exchanged for other assets. In this article, find out why you should invest in asset-backed NFT’s
Asset-backed non-fungible tokens (NFTs) have been around for centuries, but they only started to gain mainstream attention in the past few years. NFTs are unique digital assets that are backed by real-world assets. Unlike traditional cryptocurrencies, NFTs can’t be exchanged for other assets and have a wide range of uses.
Asset-backed NFTs have a long history dating back to the early days of commerce. In ancient times, people used commodities like gold and silver to buy and sell goods. These commodities were eventually replaced by paper money, which was backed by the government that issued it.