NFT is short for Non-fungible tokens; non-fungible stands for the uniqueness that every NFT has and the fact that they aren’t replaceable. In other words, an NFT is a token that is unique and cannot be replaced.
Most cryptocurrencies are fungible, meaning that you can trade them with one another – an example would be trading one Ethereum for another Ethereum and so on. An NFT, on the other hand, is a one-of-a-kind asset, making it impossible to trade NFTs with one another.
These tokens can be used to represent ownership of unique items and they let us tokenize nearly everything that can be owned – with a basic example being digital art and music. We should also mention that people have started listing real estate as NFT’s lately, making the use of NFTs even broader. And with this in mind, Realtydao is giving domainers a platform to sell, or showcase their domain assets as NFT’s.
Soon enough you can showcase or sell a whole (TLD’s) Top Level Domain on www.realtydao.com so Keep watch and visit the site for more updates!