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WHAT IS AN NFT? “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.
What is NIL? Name, Image and Likeness describes the process by which college athletes are allowed to receive financial compensation through marketing and promotional endeavors — from autograph signings to product endorsements to social media posts.