🖼️ What is an NFT?

NFT stands for Non-Fungible Token, which is a digital asset that represents ownership of something unique and irreplaceable.

🔹 Where is it used?

Digital art 🎨

Avatars

Digital trading cards

Real estate and land in the metaverse 🌐

🔸 What is the difference between NFT and regular currencies?

Bitcoin = can be exchanged for another Bitcoin.

NFT = unique and cannot be exchanged for another exactly similar one.

🔐 Ownership of the NFT is recorded on the blockchain, making it transparent and secure.

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⚠️ Note:

The true value of an NFT comes from rarity, demand, and digital ownership, not just from the design.

#Crypto_Terms