NFT – Non Fungible Token

According to fortune.com, NFT stands for non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only. The most popular NFTs right now include artwork and music, but can also include videos and even tweets.

Wikipedia further explains that a non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger. NFTs differ from blockchain cryptocurrencies, such as Bitcoin.

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