NFT stands for Non Fungible Token.Gold is a fungible item in the sense that we only care about the amount. It is interchangeable. Bitcoin is a Fungible Token.Diamonds are non-fungible items in the sense that multiple parameters are needed to determine its value, the cut, carot, clarity, colour. They are not interchangeable. SuperRare Art tokens are Non-Fungible Tokens.Theories on why NFTs are valuableSome people believe that NFTs have no inherent value and that this entire industry is caused ...
