Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership of items like artwork, music, videos, and even virtual real estate. Unlike cryptocurrencies like Bitcoin, which are interchangeable (one Bitcoin is equal to another), each NFT is unique and cannot be replicated. This uniqueness has made NFTs popular in the world of digital art and collectibles.
NFTs are bought and sold on blockchain platforms, and their ownership is recorded on the blockchain, ensuring authenticity and scarcity.
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