![]() This means that you could lend somebody one ETH, and they wouldn’t have to give you the exact same ETH back. Moreover, fungible assets are interchangeable. Unlike fungible assets such as the US dollar (USD), Bitcoin (BTC), and Ethereum (ETH), NFTs don’t serve as a medium of exchange. Each NFT contains unique metadata that provides the holder with verifiable ownership. Non-fungible tokens (NFTs) are cryptographic, digital representations of assets on the blockchain. Start your blockchain journey today with Moralis Academy! What are NFTs? Here, we teach students about the origins of smart contracts, decentralized finance (DeFi), and programmable money. ![]() Following this, be sure to check out our Ethereum 101 course. To gain a firm understanding of this powerful technology, check out the Blockchain & Bitcoin 101 course. Moralis Academy is the number one route for Web3 and blockchain education. Plus, we’ll look at the top music NFT platforms available. Also, we’ll consider some of the benefits and drawbacks of this novel format. We’ll walk you through each step of the process of creating your own NFT using OpenSea. In this article, we’re going to teach you how to create a music NFT on Ethereum. Accordingly, many artists are now considering how to create a music NFT and the benefits of doing so. As such, novel mediums for distribution are becoming commonplace for artists looking outside the box. Moreover, the music industry is constantly reinventing itself. If you’re an artist, musician, or producer, you may be familiar with the blockchain trend of non-fungible tokens (NFTs).
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