Non-Fungible Token (NFT)

Modified on Wed, 9 Aug, 2023 at 10:51 AM

NFT stands for a non-fungible token, which is a unique digital asset that represents ownership of a specific item, such as a piece of artwork, music, or video. Unlike cryptocurrencies, which are interchangeable with each other, NFTs are one-of-a-kind and cannot be replicated or divided into smaller parts. NFTs are stored on a blockchain, providing proof of ownership and authenticity.

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