Sentient Labs

Non-fungible assets are unique, irreplaceable, and non-interchangeable. Being non-Fungible means that individual items can not be mutually substituted without a change in value. Artworks, concert tickets, and diamonds are all examples of non-fungible items.

Let’s imagine for a moment that your friend Avis owns a famous painting like the Mona Lisa. A far fetched example to say the least. If your other friend Bailey offers to trade Avis a photo of the Mona Lisa for the real item, they would likely be laughed out of the room. Bailey could even offer to trade a painting they made, or any other piece of artwork. In any of the above cases an independant value would need to be assigned to both items as each individual artwork has unique properties, are irreplaceable, and non-interchangeable.

See also the definitions for Fungible and Semi-Fungible.

Staking

Whether we are talking about an NFT or a cryptocurrency, the staking process works similarly. The term staking refers to locking up non-fungible tokens or

MGLE

MGLE stands for Metallic Gold Limited Edition within the NBA Top Shot ecosphere. It is correctly pronounced according to the letters in the acronym, ‘Em-Gee-Ell-Ee’.

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Hardware Wallet Setup Recommendations

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Further Reading

Dimension X Featured Image

Dimension X Public Sale Launches on Gaia

The Dimension X public sale launched today on the Gaia marketplace. Dimension X is a Free-to-Play, Play-to-Earn strategic role playing game on the Flow blockchain

Polygon

What is Polygon?

Polygon is a decentralized “layer two” or “sidechain” Ethereum scaling solution that enables developers to build scalable user-friendly dApps. The blockchain prides itself on having