Introducing NFTs

What is a Non-Fungible Good?

NFT stands for non-fungible token, the tokens are new but the ideas of fungible
and non-fungible assets aren't

Think for a moment of dollar bills, stock in a company, or a cryptocurrency

Each of these represents a defined set where items within the set are fungible

Essentially you don't care which dollar bills you receive, which bitcoin your receive,
as long as you receive the correct amount

Non-fungible goods differ in that

They are regular and prevalent part in the world

They can be as simple as shopping for fruit at the grocery store, you typically care
which specific apple you get after evaluating them to ensure them to ensure you
get one with the ripeness

Or, when picking tickets for a concert or sporting event where your seat matters