What are non-fungible tokens (NFTs)?

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1 Answer 479
Jack Cox

Answered 8 months ago

Non-fungible tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity of a particular item or piece of content. Unlike cryptocurrencies, which are interchangeable, each NFT has a distinct value and cannot be replicated or replaced. NFTs have gained popularity in the art and collectibles space, allowing for the tokenization and sale of digital artwork, virtual real estate, and other unique digital assets.

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