For this tutorial, we'll be showing how to withdraw Matic from MetaMask to Binance.
Non-Fungible Tokens (NFTs) are unique digital items with blockchain-managed ownership. There are many kinds and applications of NFTs - but before we dive into the details, let's learn about a key term: fungibility.
Fungible items like a dollar bill, gold - even cryptocurrencies like Bitcoin and Ethereum - can be substituted with one another without losing value. They are fungible.
If something is non-fungible, it means that it cannot be replaced. It represents something unique in value - and that's what an NFT is!
The token part of Non-Fungible Token refers to a digital certificate stored on a publicly verifiable distributed database, also known as a blockchain.
The information on this digital certificate, also known as a smart contract, makes each NFT unique. No two NFTs can be swapped, and this makes them non-fungible. Examples of NFTs include digital art, collectibles, virtual reality items, crypto domain names, ownership records for physical items, and more!