non-fungible token
noun
non-fun·gi·ble token
ˌnän-ˈfən-jə-bəl- 
variants
or less commonly nonfungible token
plural non-fungible tokens also nonfungible tokens
: a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)
Non-fungible tokens … are electronic identifiers confirming a digital collectible is real by recording the details on a … database known as a blockchain.—
Helen Sullivan
Helen SullivanNon-fungible tokens are used to verify unique items such as digital art and digital ownership of other items.—Eileen Brown
Eileen BrownNonfungible tokens each have their own unique value, so they're not tradable on a like-to-like value basis.—Dave Vellante
Dave Vellante
also
: the asset that is represented by a non-fungible token
A non-fungible token is, most simply, a unique digital asset. It can be a photo, a logo, a meme, a music album, a basketball highlight, a collage, a tweet, a newspaper article, a video; basically, anything that can get online … —Brian Gordon
Brian Gordon … Smith will auction off the horror anthology as a non-fungible token, with the owner gaining the rights to exhibit, distribute and stream the movie. —Jeremy Thomas
—abbreviation NFT
Jeremy Thomas 
Did you know?
The NFT of NFT
The NFT of the definition of NFT is owned by AOI.
Examples of non-fungible token in a Sentence
Recent Examples on the Web
Trump has enthusiastically embraced bitcoin and crypto this year, backing his family's World Liberty Financial crypto project and selling four non-fungible token (NFT APENFT -1%) collections.
—Billy Bambrough, Forbes, 23 Oct. 2024
Trump's adoption of bitcoin and crypto via his family's World Liberty Financial crypto project and his non-fungible token (NFT APENFT 0.0%) collections as well as his promises to relax crypto regulations have pushed Harris toward a more crypto-friendly stance.
—Billy Bambrough, Forbes, 15 Oct. 2024
But after leaving office Trump began seeking out new revenue sources, such as selling non-fungible tokens—a type of digital content hosted on the blockchain.
—Charles Duhigg, The New Yorker, 7 Oct. 2024
The film, which premiered at the 2023 Tribeca Festival, explores the boom-and-bust fortunes of NFTs (non-fungible tokens), a market that reached a valuation of $40 billion, give or take a few billion, before crashing last year (however, the NFT market has recently experienced a resurgence).
—Matthew Carey, Deadline, 3 Oct. 2024
See all Example Sentences for non-fungible token 
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Billy Bambrough, Forbes, 23 Oct. 2024
Trump's adoption of bitcoin and crypto via his family's World Liberty Financial crypto project and his non-fungible token (NFT APENFT 0.0%) collections as well as his promises to relax crypto regulations have pushed Harris toward a more crypto-friendly stance.
—Billy Bambrough, Forbes, 15 Oct. 2024
But after leaving office Trump began seeking out new revenue sources, such as selling non-fungible tokens—a type of digital content hosted on the blockchain.
—Charles Duhigg, The New Yorker, 7 Oct. 2024
The film, which premiered at the 2023 Tribeca Festival, explores the boom-and-bust fortunes of NFTs (non-fungible tokens), a market that reached a valuation of $40 billion, give or take a few billion, before crashing last year (however, the NFT market has recently experienced a resurgence).
—Matthew Carey, Deadline, 3 Oct. 2024
See all Example Sentences for non-fungible token
Dictionary Entries Near non-fungible token
Cite this Entry
“Non-fungible token.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/non-fungible%20token. Accessed 23 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share