Are two NFTS from the same blockchain interchangeable?

Two NFTs from the same blockchain can look identical, but they are not interchangeable. NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent digital or real-world items like artwork and real estate.

What are NFT tokens & how do they work?

They are digital representations of assets and have been likened to digital passports because each token contains a unique, non-transferable identity to distinguish it from other tokens. They are also extensible, meaning you can combine one NFT with another to create a third, unique NFT.

What is a unique NFT & how does it work?

The uniqueness of each NFT enables tokenization of things like art, collectibles, or even real estate, where one specific unique NFT represents some specific unique real world or digital item. Ownership of an asset is secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

How secure are NFTS?

NFTs are secured and maintained much like prominent cryptocurrencies such as Bitcoin, Polkadot and Algorand. A complete record of an NFT’s historical transactions and sequence of owners is copied and shared across participating nodes.