An NFT (Non-Fungible Token) is a type of digital asset that represents ownership of something unique, like a piece of art, music, video, or even a tweet. Think of it like owning a digital collectible.
Key Points:
Non-Fungible: This means each NFT is unique and cannot be replaced with something else. For example, a dollar is fungible because you can trade it for another dollar, but an NFT is like a rare trading card—each one is special.
Blockchain Technology: NFTs are stored on a blockchain, which is a secure digital ledger. This keeps track of who owns what and ensures authenticity.
Ownership: When you buy an NFT, you get proof that you own the original digital item. Others might see or copy it, but only you have the official ownership certificate.
In simple terms, owning an NFT is like owning a one-of-a-kind item in the digital world.
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