NFTs Are Huge. But What Exactly Is A Non-Fungible Token? Here's A 10-Point Guide
ndtv.comNFTs can also be digital clothing or plots of land in virtual world environments.
NFT is a digital asset existing on a blockchain with a unique signature. The blockchain allows anyone to verify the authenticity and ownership of an NFT.
NFTs are usually bought with cryptocurrencies. Sometimes they are also bought in dollars or fiat currencies. Transactions are recorded on the blockchain.
NFTs do not mean only digital art. NFTs can exist in different forms like images, videos, music, and text. Even tweets can be bought and sold as NFTs.
NFTs can also be digital clothing or plots of land in virtual world environments. NFTs can also refer to the exclusive use of a cryptocurrency wallet name.
NFTs are in trade since around 2017. The NFT market surged
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