What Is an NFT?- Non-Fungible Token Explained

By John Doe

What is NFT?

Non-fungible tokens (NFTs) are cryptographic products on a blockchain that can be distinguished from one another by their distinctive identifying codes and metadata.

What Does Non-Fungible Mean?

A non-fungible token (NFT) is a unique digital identifier that cannot be copied or substituted.

NFT : Key Takeaways

Real-world objects like artwork and real estate can be represented by NFTs.


Key Takeways


Non-fungible tokens (NFTs) are exclusive cryptographic tokens that are only available on blockchains and cannot be copied.

Key Takeways


These physical assets can be "tokenized," which improves the efficiency of trading while lowering the risk of fraud.

Key Takeways


NFTs can be used to represent a variety of things, including people's identities and property rights.

Key Takeways


NFTs have drawn the attention of collectors as their worth, which first rose but has now calmed.

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