What is a Non-Fungible Token (AKA NFT)?



What is a NFT? Non-fungible token? People keep talking about the Bored Apes & Crypto Punks, but I have no idea what they are talking about. In this episode, we help define what a NFT is & share a little background about how they got started.

Let's do this!


  • Merriam Webster Definition of a NFT & Blockchain 
    • Definition of non-fungible token
      • : 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)
    • Definition of blockchain
      • : a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network
      • also : the technology used to create such a database

A non-fungible token (NFT) uses the technology of blockchain to create something that is unique in the digital world.

The meaning of fungible describes items that are the exact equal value and interchangeable with each other for example, one dollar is the same as one dollar.

Non-fungible is like people or snowflakes there are no two exactly the same. ❄️

NFTs establish proof of ownership in a digital world through blockchain technology. You can see every transaction of NFTs on the blockchain. You can track every single change of hands & therefore prove ownership of the digital image.

NFT could be used to authenticate anything digital or non-digital. It could a non-digital item such as deeds to a property, tickets to a concert, legal documents like your vaccine certificate or it could be a digital item such as a tweet, music, and art.

Celebrities, artists & musicians are moving into the NFT space helping to bring the new technology into mainstream media.


Bored Ape Yacht Club

Floor is 91.25 ETH as 2/22/22 which is approximately $240k . How many Bored Apes are in your wallet?


Crypto Punk

Crypto Punks – no floor because nobody is selling them! Yes, they are worth that much!

A sample of our favorite (mostly) women-led NFT projects!

Twitter links from L-R Top-Bottom:

We love all the women-led projects #WomenSupportingWomen


NO FINANCIAL ADVICE– The Information on this website, The NiFTy Chicks, is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through this website and podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information on this website and provided from or through this website is general in nature and is not specific to you the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this website without undertaking independent due diligence and consultation with a professional broker or financial advisory.

You understand that you are using any and all Information available on or through this website at your own risk.

RISK STATEMENT– The trading of Bitcoins, alternative cryptocurrencies, non-fungible tokens has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.