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Frequently Asked Questions About NFTs
There are an abundance of frequently asked questions about NFTs, so our Zeno Fine Art NFT
Experts have compiled a list of FAQs and it’s a list that will keep growing and being added to.
What does non-fungible mean?
Fungible is another way to say replaceable. Unlike bitcoin or other cryptocurrencies, NFTs are
all unique non-fungible tokens. If two people own one bitcoin each and they exchange them,
after the exchange, they will both still have 1 bitcoin. NFTs being unique tokens means they are
unique and non-replaceable (non-fungible).
What is the blockchain?
Blockchain technology is a shared ledger system in which a record of transactions made in
cryptocurrency is maintained across several computers that are linked in a peer-to-peer
Why is the blockchain safe?
View all NFT frequently Asked Questions
Blockchain technology is secure because it is both decentralised and distributed, this means
that there is no single point of failure and that makes it much harder to corrupt. While blockchain
technology isn’t immune to being hacked, being decentralised gives it a much better line of
Top NFT Articles
The Top 10 Marketplaces For NFT Art
When it comes to digital art collection, trading, and investment, non-fungible tokens have taken the art market by storm and with so many NFT marketplaces now operating it can be difficult to know where to begin building your NFT art collection.
The top 10 marketplaces for NFT art listed in this article have been hand-selected by our expert fine art consultants...
The Private And Public Benefits Of NFT Art
With physical art, there are certain limitations in place due to the physicality of the artwork and this results in varying benefits that are dependent on whether the physical art is in a public collection or a private collection.
With NFT art, however, the private and public benefits of art are merged, and in many instances, added to by the fact that NFT art is a digital asset.
What Exactly Are NFTs? - Fungible Vs Non-Fungible Tokens
Despite the surging popularity and increasing notoriety of NFTs, there are still many people wondering, what exactly are NFTs? And what’s the difference between fungible and non-fungible tokens?
The Beginning Of NFTs - A Brief History Of NFT Art
In 2021 a new type of art and investment emerged onto the world scene with the record Christie’s sale of Beeple’s Everydays: the First 5000 Days NFT for $69 million.
However, a little known fact is that NFTs have been around for a lot longer than that, and although 2021 became the year of the NFT, it wasn't the year of their invention.