An NFT is a non-fungible token, which is a digital asset that is unique and cannot be replaced by another token of the same type. NFTs are stored on blockchain-based platforms and can be used to represent digital assets, such as game items, digital artwork, or cryptocurrency. These tokens are valuable because they are rare and unique. They can also be used to represent assets that have real-world value, such as cryptocurrency or artwork. They are a popular choice with investors because they offer the potential for high returns if they are traded on a secondary market.
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