Non-fungible Token (NFT)

Non-fungible Token (NFT)

What are Non-fungible Tokens (NFT)

A non-fungible token is a unique digital record stored on a blockchain that references or is associated with a specific digital or physical item. Each token contains distinct metadata distinguishing it from interchangeable assets such as cryptocurrencies. It does not by itself establish legal ownership or copyright, and the referenced file can typically still be copied. NFTs are used for digital art, collectibles, in-game assets, and event tickets.

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