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What is an NFT?

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Quick answer

An NFT (Non-Fungible Token) is a unique digital certificate of ownership recorded on a blockchain. Unlike a coin that can be swapped for an identical one, each NFT is one-of-a-kind — used to prove ownership of digital art, collectibles, and more.

Key things to understand

  1. NFT stands for Non-Fungible Token.
  2. It's a unique ownership record on a blockchain.
  3. Each one is distinct, unlike interchangeable coins.
  4. It's used for digital art, collectibles, and items.

People also ask

What is an NFT?
A unique digital token on a blockchain that proves ownership of a specific item, like digital art.
What does 'non-fungible' mean?
Non-interchangeable — each NFT is unique, unlike a dollar or bitcoin that's identical to another.
What can NFTs be used for?
Proving ownership of digital art, collectibles, game items, music, and even event tickets.