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NFT
An NFT, or non-fungible token, is a digital asset that represents ownership of a unique item or asset. NFTs are stored on a blockchain and are used to certify ownership and authenticity of a wide range of digital and physical assets, such as artwork, collectables, and even real estate. One of the key features of NFTs is that they are not interchangeable or replaceable, unlike traditional cryptocurrencies like Bitcoin, which are designed to be interchangeable. This makes NFTs valuable as a way to represent unique, one-of-a-kind items and to confirm ownership of those items.
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