What is an NFT?

What is an NFT?
What is an NFT?

Whether you’re interested in cryptocurrencies, you’ve probably heard of NFTs. Many, many celebrities have joined the NFT game, bringing more attention to it. But some people wonder: What exactly is an NFT?

What is an NFT?

NFT stands for “non-fungible token.” It refers to a set of data in a blockchain that is associated with a piece of virtual goods, such as a drawing, a song, a video, etc. When someone owns an NFT, their ownership is recorded in the blockchain.

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