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What does NFT stand for?

“NFT” stands for “non-fungible token”, which simply means that it’s a one-of-a-kind token. Unlike cryptocurrency, such as Bitcoin, each token is different from another and can be uniquely identified on the blockchain. Each token therefore also has its own history. With Bitcoin, it doesn’t matter which one you have.

Is NFT real money?

The cool thing about non-fungible tokens (NFTs) is that they can be used to trade items like collectibles. N FTs are a relatively new concept and there’s not an NFT exchange around, which is why it can be difficult to convert NFTs into cash. There’s a few different ways NFT owners can turn their digital property into real world money:

What NFTS can I buy?

NFTs are a new form of financing. They come in the form of tokens and they allow anyone who has the right type of cryptocurrency to buy an asset. They can be used for buying all kinds of assets such as real property, digital collectibles, and even cryptocurrencies themselves. NFTs are typically Ethereum-based tokens that are used to validate digital ownership of the token’s underlying asset.

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