What is an NFT?

NFT stands for Non-Fungible Token. It is essentially a unique digital asset that represents ownership of real-world items like art, music, videos, and more. Non-fungible means that the asset is unique and cannot be swapped for something of completely equal value.

NFTs use the same blockchain technology that powers cryptocurrencies. Each NFT has some attached metadata that describes the properties of the NFT- such as the name, collection, image, and attributes. Blockchain technology is used to give the NFT a public proof of ownership.

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