nft34

Non-fungible token music is an idea that was introduced a few years ago. In this case, the token is used to represent a digital copy of a song.A non-fungible token can be transferred when two parties agree on it, either for money or for goods and services. image source: cryptoslate.com The process of transferring tokens is similar to how bartering works and does not require you to use another cryptocurrency, such as Bitcoin or Ethereum. This means that there are no currency conversion fees associated with transferring your tokens from one source to another. Non-fungible tokens are not transferable, meaning that one cannot be given away or sold to anyone else as they are unique. image source: decrypt.co The tokens do not change hands in the traditional sense of buying and selling goods--they work differently because they are not dependent on market forces like demand or supply but rather where their value comes from the application that uses them. Artists and music lovers can use non-fu