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What does NFT stand for?

NFT stands for non-fungible token. NFTs are digital tokens on the blockchain. Each token is associated with a specific digital or physical item. The token is used to record proof of authenticity as well as proof of ownership. Each token is unique because it has its own unique metadata that can never be replicated or replaced.

What is an NFT & how does it work?

Let’s say you have a digital or physical art piece: you can mint your art piece on the blockchain as an NFT to prove its authenticity and ownership. In this sense, an NFT can represent any item, from real estate to documents and films. What is an NFT?

What is a non fungible token (NFT)?

A non-fungible token (NFT) is a unit of data that lives on a blockchain. Each NFT has a unique identification code that can’t be replicated or copied and metadata that can be linked to a variety of things to provide immutable proof of ownership. For example, the metadata an NFT contains can be tied to digital images, songs, videos, or avatars.

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