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NFT
NFT stands for Non-Fungible Token.
Imagine a piece of digital art. It's unique, right? You can't replace it with another identical one. An NFT is like a digital certificate of ownership for that unique piece of art.
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Key points
Unique: Each NFT is one-of-a-kind.
Digital ownership: Proves you own a specific digital asset.
Blockchain-based: Uses blockchain technology to record ownership and prevent counterfeits.
Value: The value of an NFT comes from its uniqueness and demand.
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Example
A famous digital artist creates a unique piece of digital art. They convert it into an NFT and sell it. The buyer now owns the digital certificate (NFT) proving ownership of that specific artwork.
In essence, NFTs provide a way to own and trade unique digital items.
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