The merge of K-Pop and blockchain technologies has ushered in a new era of fan engagement and revenue streams. 合併前的nft買賣與區塊鏈交易，伴隨著大量耗能和後續的溫室氣體排放。An NFT, or non-fungible token, is a unique token recorded in a blockchain that represents ownership of a digital or physical asset. NFT art often fits in as decorations. The boy-band sensation from South Korea is planning to sell digital cards of its band members that can be collected or traded, similar. They are non-interchangeable, meaning one NFT cannot. abbreviation for non-fungible token: a unique unit of data (= the only one existing of its type…. By contrast, physical money and cryptocurrencies are fungible, which means they can be traded or exchanged for one another. E launched an NFT merchandise line. 4EVE is a 7 member Thai girl group under XOXO Entertainment, that debuted on December 23, 2020. abstract art. NFTs have been controversial in K-Pop, with many entertainment companies creating their own. Non-fungible tokens are also indivisible (i. HYBE, the music agency that manages Korean pop (K-pop) megastars BTS – creators of hit track ‘Butter’ – has signed a joint venture (JV) with South. NFT stands for 'non-fungible token'. Gary Vaynerchuk, an online marketer and a NFT mogul himself, recently predicted that 98% of NFTs would. To give an example, if I trade you my $5 bill for your $5 bill, nobody made a profit. And each unique digital art has metadata that contains the artist's name, creation date, title, and other relevant information. Mar 28, 2023. By contrast, physical money and cryptocurrencies are fungible, which means they can be traded or exchanged for one another. Y. They are. Before you begin buying NFTs or selling what you have created, it’s a good. Upload the. When you purchase NFTs, you are buying the ownership of digital items, often art pieces or other creative products. They are bought and sold online, frequently with cryptocurrency, and they are generally. Transactions are recorded in an account book called a ledger. In the context of K. Physical money and. It is, by definition, one of a kind. And yet, when K-pop labels made their NFT launches public earlier this year, the response from many fans was brutal. An NFT, or non-fungible token, is a digital asset with a unique signature that lives on a blockchain and can be anything from artwork and music to collectibles and videos. Credit: Binance. Yes, the NFT meaning may have been given away in the title. The letters NFT stand for Non-Fungible Token. 26% ), only for digital assets. IRRIS (아이리스) is a four-member girl group under Justice Records and Mellow Entertainment. The group consists of members divided into multiple sub-units to be based in major cities around the world. For example, an NFT for a digital collage sold for $69. But the decentralized Ethereum network also makes it possible to create and run applications, smart contracts and other transactions on. The Bottom Line. It doesn’t even mean that they care about the Frank Lloyd Wright or the Eames house. When it comes to which crypto you should get, Ether (ETH) is the leading one used for NFT transactions. It cannot be copied, substituted, or subdivided. Business, Economics, and Finance. It’s popularly claimed that the internet slang simp is an acronym for “Suckers Idolizing Mediocre Pussy. The meaning of NON-FUNGIBLE TOKEN is 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); also : the asset that is represented by a non-fungible token —abbreviation. They were introduced to the public through a pre-debut project that began in May 2022, where each of the members are being revealed periodically. It wants governments to expand their regulatory oversight of virtual asset. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. galaxy astronaut moon. Decentralized applications (dApps) are digital applications or programs that run on a decentralized network, rather than a single computer or server. It is known as Modhaus and is operated by K-pop fans. Nonfungible, meaning you can't exchange it for another thing of equal value. Definition. Twitter: @4EVE_Official. The latest addition to this list is K-Pop boy band Bangtan Boys, popularly known as BTS. rise of K-pop in the U. When fans declare, “I’m OT7,” they express their love for the entire band. 5 million. 2) NFTs are investment vehicles. -based music NFT platform with Dunamu, the operator of South Korea’s crypto exchange Upbit. What we mean by this is that even if you pay $1 million for an original Beeple NFT, it doesn’t mean that you’ll be able to sell it for $1 million or more. Every NFT contains a digital signature which makes each one unique. Then, lots of words and definitions in this NFT dictionary are also inspired. " At a basic level, an NFT is a digital asset that links ownership to unique physical or digital items — such as works of art, real estate, music, or videos. NFT stands for “non-fungible token. When you purchase NFTs, you are buying the ownership of digital items, often art pieces or other creative products. This article uses examples to explain how a non-fungible token (NFT) works and its seven main uses. What does NFT mean in simple terms? An NFT is a non-fungible token. This funding model is called NFT which stands for non-fungible token. We would like to show you a description here but the site won’t allow us. C. 9. Head back to Rarible's homepage and click the blue Create button at the top right. OpenSea is the world's first and largest web3 marketplace for NFTs and crypto collectibles. Hybe, the South Korean agency behind K-pop megastar BTS, announced today that it plans to set up a joint venture with Korean crypto exchange Upbit to enter the non-fungible token (NFT) business. Bitcoin Lightning wallet app Wallet of Satoshi has suddenly and inexplicably been removed from Apple's App Store and Google Play in the US. An NFT can store a short. Indeed, before anyone knew what an "NFT" was, digital collectibles (mostly cards) were tokenized and shared over Counterparty, a protocol built on Bitcoin that records Bitcoin data. Definition; 1:1 Art: A unique NFT art piece that only exists in one edition. An asset originator bridges a real world asset using Tinlake. Currently, NFTs are used mainly for digital artwork. NFT's are already dying. Definition. Therefore a lot of the web3 jargon and NFT terminology comes from those generations of people. Definition of PFP NFTs. 7m – A real-time counter of Julian Assange’s imprisonment designed by Pak. They were introduced to the public through a pre-debut project that began in May 2022, where each of the members are being revealed periodically. An NFT is a digital asset that represents a real-world object. The International Federation of the Phonographic Industry revealed in its global music report released in March that 2020 had been a “record-breaking year for K. By some. – APOKI is a virtual artist, singer, dancer, and YouTuber under VV Entertainment. Trusted free online English Dictionary from Collins. NFT stands for "non-fungible token," which is a unique digital asset that is verified on a Blockchain network. Never enter. Naver and Line Next will start a new K-pop-based NFT service named "NOW. Also, some NFT marketplaces have a feature where you can make sure you get paid a percentage every time your NFT is sold or changes hands. CryptoNFT marketplaces do not always accurately describe the value proposition of the goods they are selling. Bottom row (L-R): Savanna, Kaylee, KG JYP Entertainment. Featured, which operates on Binance, recently unveiled their "K-Pop NFT Line" in collaboration with KStarLive. Non-fungible tokens – or simply NFTs, are digital assets that allow you to prove ownership of a store of value. Illustration of a non-fungible token generated by a smart contract (a program designed to automatically execute contract terms) A non-fungible token ( NFT) is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity. NFT is an abbreviation for "Non-Fungible Token. Non-fungible tokens ( NFTs) were first introduced on the Bitcoin blockchain ahead of operational smart contract functionality on the network. I mean, I do: it's because some fans feel the NEED to engage with every. Spider Tanks. ’. Sure enough, it sold $17 million worth of NFT mint passes upon. . As a type of animation, anime is an art form that comprises many genres found in other mediums; it is sometimes mistakenly classified as a genre itself. That makes sure that if your work gets super popular and. Allegedly, there is no NFT out there that are completely safe for the environment as of now. Browse, create, buy,. That’s what NFTs are all about. ” To give an example, if I trade you my $5 bill for your $5 bill, nobody made a profit. We will work tirelessly to ensure that our fans are included across major stages of production through encouragement and active communication. Hayeon’s AI-Produced Single “idkwtd” Will Be Sold As NFT Content. 56 Million. Non-fungible means that something is unique and can’t be replaced. But while NFTs may be fetching eye-popping, eyebrow-raising valuations, there is a logic to how — and when — they create value. From Trainee To Bias: The Big 16 K-Pop Slang Terms To Know. Then you can start inscribing satoshis into a. But increasingly it has taken on a couple of more specific meanings depending on context. NFT meaning is a subject as crucial as the technology itself. Ali spagnola nft sale you appear to have chosen yours unusually well, was. NMIXX (엔믹스) (formerly known as JYPn) is a 6-member South Korean girl group under JYP Entertainment, consisting of Haewon, Lily, Sullyoon, BAE, Jiwoo and Kyujin. NFT, or Non-Fungible Token, is a type of digital asset used to represent ownership or proof of authenticity for unique items such as art, collectibles, and music. Tech companies are partnering up with K-pop artists to create non-fungible tokens (NFTs) and attract fans with the blockchain-based ownership of digital content. Chief among them: What on earth is an NFT? NFT stands for what now? It stands for "nonfungible token. Choose between creating a single digital copy of your NFT and creating multiple copies to sell the same item multiple times. 2) Second, the economic concern: NFT is considered a scam because people buy things thinking of it like a real world goodies. This means that it’s not too late to take advantage of NFT giveaways. How NFT games are changing the way we play. The token is a digital item that represents a physical or digital item as information. NOW. Free high resolution picture download. NFTs usually take the form of some type of artwork (graphic, audio, or video), or even in-game assets for certain virtual worlds — but they can also represent real-world assets like art, collectibles, and. This is different from tokens such as ETH or other Ethereum based tokens like USDC where every token is identical and has the same properties ('fungible'). En Economía, un activo fungible es algo con unidades que se pueden intercambiar fácilmente, como dinero. NFTs usually take the form of some type of artwork (graphic, audio, or video), or even in-game assets for certain virtual worlds — but they can also represent real-world assets like art, collectibles, and. Floor price is the lowest price an NFT is listed for sale within an NFT collection — a group of similar NFTs issued by one party. Most commonly, that. Connect your wallet. OnchainRocks. The group’s concept is the. To get started, you'll first need to open a crypto wallet and then connect it to the NFT marketplace. Etymology. This is problematic. Even kpop fans realize there's literally no point in spending real money on a digital "certificate of authenticity" for something you see for free anyways. How to use NFT in a sentence. Yogapetz. “K-NFT is proud to work with A. Jaden Jeong needs to get with the times. The blockchain serves as a public ledger, allowing anyone to verify the NFT's. Gods Unchained. NFTs can represent digital or real-world items like artwork and real estate. In web3, NFT and crypto projects use these to decide what. (Image credit: Immutable) 03. 7 billion to US$10 billion, as far as exports are concerned. The collection features Wei, Woo!Ah!, Kim Jae-hwan, B. I. Past NFT pack sales on WAX have quickly sold out in under six minutes, and very high demand is anticipated for these K-pop idols. This digital age is continuing to expand, even in music! Articles that explore the intersection of the burgeoning K-Pop industry and the digital world of cryptocurrencies, the blockchain, and. A year ago, America 2. NFT's are already dying. If there’s one thing that has the potential to do the seemingly impossible and unite all of K-pop’s fandoms in 2021, it’s the industry embracing NFTs (“non-fungible tokens. Beeple is one of the world's most successful NFT artists (Image credit: Beeple) 1:1 Art: This refers to an NFT being one single piece of art, not a series or generative collection. 4EVE Members Profile. NFTs are unique because they cannot be exchanged for other assets of equal value, like how fiat currency or cryptocurrencies can be exchanged for goods or services. Upon pool creation, two tokens are created: DROP tokens and TIN tokens. NFTs are enabling gamers to find new ways to play and earn, as Bequant's Martha Reyes explains. Since. ”. Wallet Connection: Connect your wallet to the. K-Pop music has had a meteorite rise in recent years. Think of an NFT like a first edition of a book signed by the author, a print of a painting signed by the artist, or a limited-edition vinyl record signed by all the members of the band. “K-NFT is proud to work with A. K-Pop music has had a meteorite rise in recent years. They debuted on February 22nd, 2022 with the single album “AD MARE”. ”. Land typically sells for $10,000 within them. The sub-unit’s debut song was “The One I Love,” the official soundtrack of a K-drama “Hyena” which was released in November 2006. Aespa, the four-member K-pop group from SM Entertainment, is launching an NFT collection with the Web3 artist Blake Kathryn that will give fans access to exclusive content and a rare meet-and. Sales of NFTs, or non-fungible tokens, has risen from under $100 million in 2020 to $25 billion in. European Central Bank (ECB) President Christine Lagarde has revealed that her son endured substantial losses in his investments in cryptocurrencies. NFTs are digital assets and could be photos. Learn more about NFTs in this article. What was once confined mainly to South Korea and neighboring countries like Japan, K-Pop, a genre that mixes elements of Hip Hop, R&B, EDM, and other musical styles has left its home and is quick-becoming a major cultural influence around the world. The term NFT means "non-fungible token. It is known as Modhaus and is operated by K-pop fans. A blockchain is a type of distributed database or ledger—one of today’s top tech trends —which means the power to update a blockchain is distributed between the. "While that is a lot of fun, and at times even addicting, in my. CryptoPunk #7804. But it also has a special role on Ethereum network. S. It is not possible to infer from the use of the term “NFT. 11. is a short-form for Non-Fungible Token. This uniqueness relates to the one-of-a-kind properties assumed by each individual NFT. Here are the top 5 major entertainment. A token is the sign of ownership of an asset. tripleS (Korean: 트리플에스; Japanese: トリプルS) is a girl group under MODHAUS. 11. In short, its a structure that allows holders to vote and decide on proposals completely autonomously. As for Acid Angels of Asia, I liked their debut album, but I wish they leaned into even more experimentalism. No matter how intimately you plan on getting involved with NFTs, you need some understanding of blockchain and cryptocurrencies to follow along on NFTs. Create the NFT: Once you have filled in the details of your NFT, simply select. Fixed price: Set a price for your item and wait for someone to buy it. KStarLive announced the launch of K-POP NFT on FEATURED, an NFT platform powered by BSC, a sovereign smart contract blockchain delivering Ethereum. Consumers have the opportunity to purchase "The Show FanBox NFT Collection", which is a set of short clips of K-Pop stars appearing on the "The Show". A series of 10 pieces — some one of a. CryptoPunk #2338 – $4. Defining K-pop’s version of “girl crush” presents a logistical challenge because it has such a dynamic meaning. The ecosystem includes builds in 2 metaverses. Drops" as a part of Line’s DOSI NFT trading service that opens later this month. They were introduced to the public through a pre-debut project that began in May 2022, where each of the members are being revealed. Even some zealous NFT supporters are worried that the market has gotten oversaturated. S. “K-NFT is proud to work with A. R. Who is the best K-POP singer? FannStar is a community of fans that can make your idol (IDOL) brightness! If you win 1st place, you will have a chance to participate in The Fact Music Awards! On the anniversary, subway, Gangnam, Hongdae, Japan, USA, France, and Hong Kong put up electronic signs! Only FANNSTAR can take care of my idol's happiness!Beeple. thing. They pushed back hard against the plans,. Most of us are familiar with cryptocurrencies such as Bitcoin and Ether. Many NFT buyers want to resell NFTs for a profit and, while all investments are risky, NFTs might. The NFT can then be used as a digital proof of ownership. Definition. Crazy Frog, the 3D animated amphibian that haunted anyone alive in the mid-2000s with its shrill engine noises and “DING! DING. NFT is an acronym for the term non-fungible token, a form of digital token. Asset originators can now create asset pools using the tokenized real world asset NFT as underlying collateral. The value of the NFT exists in these two features: uniqueness and non-reproducibility. In most K-Pop groups there’s an appointed leader, who’s usually (but not always) the eldest member or at least one of the eldest members. Legendary boy group Super Junior was the first K-pop group to have a subunit. If there’s one thing that has the potential to do the seemingly impossible and unite all of K-pop’s fandoms in 2021, it’s the industry embracing NFTs (“non-fungible tokens” or unique, digital. NFT is an acronym for “non-fungible token. This individuality is critical when dealing with digital assets that have sentimental or artistic worth. Non-Fungible Token atau NFT adalah adalah sertifikat keaslian yang unik pada blockchain yang biasanya dikeluarkan oleh pencipta aset. ”. . Learn more. Momoland (Korean: 모모랜드; RR: momolaendeu, stylized in all caps) was a South Korean girl group formed by MLD Entertainment (formerly known as Duble Kick Company) through the 2016 reality show Finding Momoland. The K-Pop merchandise and collectibles market is growing every year. E was the first K-Pop group to tokenize their wares as NFTs, releasing a collection of digital collectibles for fans back in April 2021. Binance NFT offers the typical digital assets found on other major platforms: artwork, gaming items. Hundreds of nft images to choose from. To call something fungible is to imply that you can replace it with another identical and available item of the same value. We update our NFT to USD price in real-time. Fungible is an English word that means “being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind. – She was born in Namdong District, Incheon, South Korea. The members will rotate between the group, sub-units, and solo activities, as chosen by fans who will be able to communicate with the group and participate in their activities such as deciding the sub-units and the content through NFT photo cards called. NFT stands for non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only. A PFP NFT, or picture-for-profile non-fungible token, is an exclusive digital image designed to serve as its owner’s personal profile picture. NFTs are one-of-a-kind digital objects that can be bought, sold, and traded just like physical assets. Photo: Beat Interactive. However, it is met with much resistance from K-pop fans as they share research that states an NFT transaction is bad for the environment and has a huge carbon footprint, larger than what some countries produce in a year. Others, like SuperRare and OpenSea, only let people use cryptocurrency. Past NFT pack sales on WAX have quickly sold out in under six minutes, and very high demand is anticipated for these K-pop idols. When a physical asset is offered or sold as an NFT, it means that the associated non-fungible token holds unique digital attributes that represent that asset on the blockchain. Non-fungible means that something is unique and can’t be replaced. This means that it has a unique value which can never be replaced. E and WAX on the first-ever. Like Bitcoin or Ethereum. Non-fungible means that something is unique and can’t be replaced. e. Coinbase’s Saxena said on “NFT Now” that “NFTs can reflect who you are, your ethos, your values. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They cannot be exchanged or traded equivalently like other cryptographic assets. NFTs are digital tokens created on a blockchain with reference data tied to the traits of the NFT. Every NFT contains a digital signature which makes each one unique. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. 4 million active. Modhaus promises to create a fan-centered entertainment system. , was founded in February in Delaware, according to public records. NFT stands for “non-fungible token. NFTs are almost by definition rug pulls or scams now, or associated with theft and scams so strongly that anything that even smells like an NFT or a DAO is going to be recoiled from. After you click on Create item, Rarible will ask you to mint the NFT on the blockchain. It took just four years for the Korean entertainment industry's global market to grow from US$5. Beeple is an artist. The difference is all in the term “non-fungible. An NFT is an individual, unique digital asset and cannot be duplicated or counterfeited. Typically, most NFT collections consist of numerous NFTs that. En Economía, un activo fungible es algo con unidades que se pueden intercambiar fácilmente, como dinero. NFTs are digital assets and could be photos. Instead, it just has unique digital representation in the form of a non-fungible token on the blockchain. They have many use cases, including artwork, digital collectibles, music, and items in video games. Triple S makes good music so I'm happy to listen to them, and I stay away from the NFT bs. The term could refer to a group’s overarching concept (think girl group. A $5 bill is fungible because it is worth exactly the. At first, I had some difficulties, but I overcame them and achieved my dream. A non-fungible token (or NFT) is a digital identifier representing an asset — like a piece of art, media, or digital content. G and Pink Fantasy. TL;DR: There are ~360k unique NFT Wallets. All orders are custom made and most ship worldwide within 24 hours. The sale, at Christie’s, for the. Still Don’t Get What an NFT Is? A digital artwork by the artist Beeple recently sold for $69 million. An NFT is a non-fungible token, meaning it’s a unique asset that cannot be copied and isn’t easily interchangeable. NFT is an acronym for “non-fungible token. The information on this digital certificate, also known as a smart contract, makes each NFT unique. Unlike cryptocurrencies, there can only be one instance of each non-fungible token at any given time. These items are stored individually on the blockchain. Stage Name: Vernon (버논) Sub-Unit: Hip-Hop Team Position: Main Rapper Visual Sub-Vocalist 1st Look Vol. ”. K-pop fans have perfected the art of the fan chant, in which fans in live studio audiences and live performances will shout alternate fan chants over the musical intros to songs, and sometimes as. 10k project: An NFT collection of approximately 10,000 avatars, which was arguably pioneered by the famous CryptoPunks collection. The NFT case is a consistent application of the same premise. Eternity. Some people like to collect NFTs and hold a large portion of a collection. NFT stands for non-fungible token. [1] An NFT is a unique digital creation authenticated and verified via blockchain technology. After giving up on mining, I started my own NFT project, and I am glad that I did that. fungible: [adjective] being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account. NFT floor price is the lowest price an individual is willing to sell an NFT for. They are often pieces of digital art, but can also be videos, tickets to an event, access to play-to-earn games or other digital assets. The initial creator of the NFT might also store any precise information within the NFT’s data. It is a unique digital file that is stored on a blockchain network. The Collins English dictionary defines metaverse as “a proposed version of the internet that incorporates three-dimensional virtual environments. Latest Crypto News. For example, a concert ticket is a sign of ownership of one space for a concert. The NFT cryptos can have only one owner at any given time. Image: Larva Labs. This is because in proof-of-work, miners control transaction inclusion, exclusion, and ordering. Minting an NFT, or non-fungible token, is publishing a unique digital asset on a blockchain so that it can be bought, sold, and traded. About 36k of those wallets own 80% of the NFTs. Choose whether you want your NFTs to have visual, audio or written components – or all three. Since the inception of the modern music industry as we know it, there have been thriving parallel markets for a milieu of memorabilia; autographed items, vinyl. NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. One of the […]Non-fungible tokens (NFTs) are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable. Here are some of the sub-units of. An NFT is a unique cryptocurrency token that can take the form of pretty much anything digital — art, a GIF, or even Twitter CEO Jack Dorsey’s first tweet. The members will rotate between the group, sub-unit, and solo activities, as chosen by fans as they will be able to participate and communicate with the group such as deciding the sub-units and the content through NFT photo cards called 'Objekts'. Non-fungible token. Pick a file. A non-fungible token (NFT) is a type of digital asset that can be owned and controlled independently, meaning that it’s unique in its characteristics. A NFT is basically a unique digital asset. An NFT’s reference to off-chain data can be anything written in code. Airdrop1. A gal on insta was hell bent on buying each one of my art pieces as NFTs at $10,000 per piece!! How good is thaaat!! I told her that I can sell her my original artwork and all the rights for just $500 per piece and she can convert it to her own NFT. C. Unlike cryptocurrencies that also use the blockchain network for ownership verification, one NFT cannot be directly exchanged with another NFT. There's a unique and non-interchangeable unit of data stored on a digital ledger using blockchain technology to establish proof of ownership, as with cryptocurrenices like bitcoin. NFT definition: 1. Although there are other programmable blockchains that offer smart contracts, such as Wexchain, most NFT marketplaces are still hosted on Ethereum’s blockchain. – Eternity is an. The thin film ensures that the upper part of the roots will remain dry and have access to. Digital Real Estate. They allow you to create, sell, and buy NFTs. 4EVE Official Fan Color: –. NFT stands for non-fungible token. NBA's Top Shot is a helpful example here. Naïve by Olga Fradina. NFT adalah aset dengan metadata unik yang dilampirkan pada token. Most simply, an NFT is an entry on a blockchain, the same decentralized digital ledger technology that underlies cryptocurrencies like bitcoin. In its simplest form, non-fungible means a unique digital asset. Technically, “token” is just another word for “cryptocurrency” or “cryptoasset. The fans solely operate these procedures. They debuted on February 13, 2023 with the mini album "Assemble". NFT marketplaces are just some of Ethereum’s dApps. To The World, This is NCT! Hello, we are NCT!(To The World, 여긴 NCT! 안녕하세요, 엔시티입니다!)NCT NCT (엔시티), short for "Neo Culture Technology", is a 26-member boy group under SM Entertainment. The show's winners Hyebin, Yeonwoo, Jane, Nayun, JooE, Ahin, and Nancy served as the original members. Some NFT marketplaces, like Nifty Gateway and MakersPlace, let you trade NFTs using traditional payment methods. The term NFTs itself stands for “ non-fungible tokens ”. It's basically a unique digital identifier recorded in a blockchain. Step 3. Because every NFT is unique, they can be used to authenticate ownership of digital assets like artworks, recordings. NFT or a non-fungible token is a cryptographically-unique token stored on a distributed ledger technology (DLT) better known as the blockchain. Going back to the poster example, you can see who were the past owners for. The meaning of K-POP is popular music originating in South Korea and encompassing a variety of styles.