non-fungible token

noun

non-fun·​gi·​ble token ˌnän-ˈfən-jə-bəl- 

variants or less commonly nonfungible token

plural non-fungible tokens also nonfungible tokens

: a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)

Non-fungible tokens … are electronic identifiers confirming a digital collectible is real by recording the details on a … database known as a blockchain.

—Helen Sullivan

Non-fungible tokens are used to verify unique items such as digital art and digital ownership of other items.

—Eileen Brown

Nonfungible tokens each have their own unique value, so they're not tradable on a like-to-like value basis.

—Dave Vellante

also : the asset that is represented by a non-fungible token

A non-fungible token is, most simply, a unique digital asset. It can be a photo, a logo, a meme, a music album, a basketball highlight, a collage, a tweet, a newspaper article, a video; basically, anything that can get online …

—Brian Gordon

… Smith will auction off the horror anthology as a non-fungible token, with the owner gaining the rights to exhibit, distribute and stream the movie.

—Jeremy Thomas

—abbreviation NFT

Did you know?

The NFT of NFT

The NFT of the definition of NFT is owned by AOI.

Examples of non-fungible token in a Sentence

Recent Examples on the Web

Trump has enthusiastically embraced bitcoin and crypto this year, backing his family's World Liberty Financial crypto project and selling four non-fungible token (NFT APENFT -1%) collections. —Billy Bambrough, Forbes, 23 Oct. 2024

Trump's adoption of bitcoin and crypto via his family's World Liberty Financial crypto project and his non-fungible token (NFT APENFT 0.0%) collections as well as his promises to relax crypto regulations have pushed Harris toward a more crypto-friendly stance. —Billy Bambrough, Forbes, 15 Oct. 2024

But after leaving office Trump began seeking out new revenue sources, such as selling non-fungible tokens—a type of digital content hosted on the blockchain. —Charles Duhigg, The New Yorker, 7 Oct. 2024

The film, which premiered at the 2023 Tribeca Festival, explores the boom-and-bust fortunes of NFTs (non-fungible tokens), a market that reached a valuation of $40 billion, give or take a few billion, before crashing last year (however, the NFT market has recently experienced a resurgence). —Matthew Carey, Deadline, 3 Oct. 2024

Word History

First Known Use

2017, in the meaning defined above