What are NFTs?
Non-Fungible Tokens (NFTs) are unique digital assets on blockchains like Ethereum, representing art, collectibles, or virtual items. Unlike Bitcoin (BTC) or Binance Coin (BNB), which are fungible, NFTs are one-of-a-kind, verified by blockchain. Ethereum dominates NFT markets, hosting platforms like OpenSea. $AVAX
NFTs exploded in 2021, with sales reaching billions, but prices can be speculative. They empower creators through royalties but face environmental criticism due to energy use. Interested in NFTs? Research marketplaces carefully!
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