NFTs have had a good history in the crypto landscape over the years but they have relatively become less popular as days go by.
I came across MFT days ago and I didn't know what to make of it. So basically, Meme Fungible Token, MFT is a new type of cryptocurrency that combines the features of meme coins and NFTs. It merges these concepts by creating a token that can be traded like a meme coin (fungible) but also holds unique properties like an NFT.
I actually came to know this while studying Non-Playable Coin (NPC). Interestingly it has a total supply matching the estimated world population (7.9 billion) and each token can be converted into a collectible NFT.
I wonder if the NFTs are going to be human pictures or AI or something else and I wonder if someone were to randomly get the one and only Elon Musk NFT, what would it be worth...?
These are just imagination coz I don't know what the NFT look like really!
Has anyone else come across this and has any further information or options?
Thanks guys!
So, you just came here and talked about MFT, but you don't know what NFT is about, correct? Why didn't you attempt looking up the distinction between fungible and non-fungible tokens before?
First, I recommend that you learn the concepts of NFT and FT.
You stated MFT, or Meme Fungible Token, which is the token that stores the value. MFT is already available in the marketplace. NFT as a non-fungible token, which means a token that does not hold value but may be used to store artwork; the uniqueness of this artwork can be priced in money, adding value to the NFT.
NFT and FT cannot be combined. To summarize, your concepts are completely dumb.
