What is non fungible token? A non-fungible token (NFT) is a digital certificate of ownership of a unique digital asset. Here is a breakdown to understand it better:
Unique digital assets: NFTs can represent things like in-game items and even virtual land. What makes them special is that each NFT is one-of-a-kind, unlike fungible tokens.
Blockchain technology: NFT uses blockchain technology, along with the system that supports cryptocurrencies. Aims to track ownership and ensure authenticity. The blockchain acts like a public ledger that records who owns each NFT and where it is traded.
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