NFT stands for non-fungible tokens that can be bought, sold, held, and used on the blockchain. NFTs are assets that are non-interchangeable; they cannot be exchanged for an identical item of the same value. They can appear in the form of images, videos, tickets, certificates, information, and a whole host of other collectibles and goods. They also act as a vehicle for this particular item or piece of art. The value is derived from a combination of scarcity and demand.
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