Non-fungible tokens: Difference between revisions

Line 4:

==How it works==

'''Non-fungible tokens''' are centered around a digital code that proves ownership over a form of media, commonly an image,<ref name=":0">{{Cite web |last=McCormack |first=Jon |date=May 3, 2021 |title=The paradox of NFTs: What are people actually paying for? |url=https://lens.monash.edu/@technology/2021/05/03/1383163/the-paradox-of-nfts-what-are-people-actually-paying-for |access-date=Jun 13, 2025 |website=Monash University}}</ref> and often [[cryptocurrency]] infrastructure, also referred to as the blockchain, handles the data behind who owns these codes.<ref name=":0" /> The most common cryptocurrency NFTs are associated with is [[Etherium]],<ref name=":0" /> however later NFT projects would crop up with its own cryptocurrencies to handle the tokens.{{Citation needed}}

'''Non-fungible tokens''' are centered around a digital code that proves ownership over a form of media, commonly an image,<ref name=":0">{{Cite web |last=McCormack |first=Jon |date=May 3, 2021 |title=The paradox of NFTs: What are people actually paying for? |url=https://lens.monash.edu/@technology/2021/05/03/1383163/the-paradox-of-nfts-what-are-people-actually-paying-for |access-date=Jun 13, 2025 |website=Monash University |archive-url=http://web.archive.org/web/20250708172041/https://lens.monash.edu/@technology/2021/05/03/1383163/the-paradox-of-nfts-what-are-people-actually-paying-for |archive-date=8 Jul 2025}}</ref> and often [[cryptocurrency]] infrastructure, also referred to as the blockchain, handles the data behind who owns these codes.<ref name=":0" /> The most common cryptocurrency NFTs are associated with is [[Etherium]],<ref name=":0" /> however later NFT projects would crop up with its own cryptocurrencies to handle the tokens.{{Citation needed}}

==Why it is a problem==

@@ Line 4: / Line 4: @@
 ==How it works==
-'''Non-fungible tokens''' are centered around a digital code that proves ownership over a form of media, commonly an image,<ref name=":0">{{Cite web |last=McCormack |first=Jon |date=May 3, 2021 |title=The paradox of NFTs: What are people actually paying for? |url=https://lens.monash.edu/@technology/2021/05/03/1383163/the-paradox-of-nfts-what-are-people-actually-paying-for |access-date=Jun 13, 2025 |website=Monash University}}</ref> and often [[cryptocurrency]] infrastructure, also referred to as the blockchain, handles the data behind who owns these codes.<ref name=":0" /> The most common cryptocurrency NFTs are associated with is [[Etherium]],<ref name=":0" /> however later NFT projects would crop up with its own cryptocurrencies to handle the tokens.{{Citation needed}}<!-- I seriously don't want to repeat using ref 1 here -->
+'''Non-fungible tokens''' are centered around a digital code that proves ownership over a form of media, commonly an image,<ref name=":0">{{Cite web |last=McCormack |first=Jon |date=May 3, 2021 |title=The paradox of NFTs: What are people actually paying for? |url=https://lens.monash.edu/@technology/2021/05/03/1383163/the-paradox-of-nfts-what-are-people-actually-paying-for |access-date=Jun 13, 2025 |website=Monash University |archive-url=http://web.archive.org/web/20250708172041/https://lens.monash.edu/@technology/2021/05/03/1383163/the-paradox-of-nfts-what-are-people-actually-paying-for |archive-date=8 Jul 2025}}</ref> and often [[cryptocurrency]] infrastructure, also referred to as the blockchain, handles the data behind who owns these codes.<ref name=":0" /> The most common cryptocurrency NFTs are associated with is [[Etherium]],<ref name=":0" /> however later NFT projects would crop up with its own cryptocurrencies to handle the tokens.{{Citation needed}}<!-- I seriously don't want to repeat using ref 1 here -->
 ==Why it is a problem==