What is an NFT?
An NFT is a unique digital asset stored on the blockchain that represents ownership of a specific item, artwork, music, video, or any digital content. Unlike cryptocurrencies like $BTC or $ETH or $BNB .NFTs are not interchangeable because each one is unique.
Key Features of NFTs:
Uniqueness: Every NFT has a distinct value and metadata.
Ownership Proof: Recorded on blockchain, proving who owns it.
Indivisibility: Cannot be divided into smaller units like crypto coins.
Interoperability: Can be traded across multiple platforms that support NFTs.
Popular Use Cases:
Digital Art & Photography
Music & Videos
Gaming Assets (skins, weapons, characters)
Virtual Real Estate
Collectible Cards
NFTs on Binance:
Binance has its own NFT marketplace where you can buy, sell, and trade NFTs securely with low fees.
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