What is an NFT?

Whether you love cryptocurrencies, you’ve probably heard of NFTs. Lots of celebrities have joined the NFT game, attracting 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 linked to a virtual good, such as a drawing, song, video, etc. When a person owns an NFT, their ownership is recorded in the blockchain.

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