@bunnyscode

NFTs (Non-Fungible Tokens) are unique digital assets stored on a blockchain, often used to represent ownership of digital or physical items like art, music, videos, or collectibles. Unlike cryptocurrencies, which are interchangeable, NFTs are one-of-a-kind, meaning each token holds distinct value. In the digital art market, NFTs have revolutionized how artists monetize their work by allowing them to sell, trade, and prove ownership of their creations without relying on traditional intermediaries like galleries. NFTs also offer artists the ability to earn royalties on secondary sales. While they’ve opened up new opportunities for creators, the market is volatile, and there are concerns about speculative bubbles and environmental impact due to blockchain energy usage.

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