A non-fungible token (NFT) is a unique digital asset that is stored on a blockchain. Unlike fungible tokens like cryptocurrencies, which are interchangeable and have the same value, NFTs are unique and have individual characteristics that make them distinct from one another.

NFTs can represent a wide range of digital assets, such as artwork, music, videos, and other types of creative content. Each NFT contains a unique digital signature that verifies its authenticity and ownership, making it impossible to replicate or counterfeit.

One of the key features of NFTs is their ability to be sold and traded in online marketplaces, allowing creators and collectors to monetize their digital assets. The value of an NFT is determined by supply and demand, with rare and highly sought-after NFTs selling for millions of dollars.

NFTs are becoming increasingly popular in the art world, with many artists using them as a new way to sell and showcase their work. They also have potential applications in other industries, such as gaming, where they can be used to represent unique in-game items or virtual real estate.

Overall, NFTs offer a new way to think about the ownership and value of digital assets, and they are likely to have a significant impact on the future of online commerce and creative expression.
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