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NFTs, or non-fungible tokens, are unique digital assets stored on a blockchain. Each NFT has a distinct identification code and metadata that distinguishes it from other tokens. Unlike cryptocurrencies, NFTs cannot be directly exchanged with one another because each has unique information. They are used to represent ownership of digital items like art, music, videos, and collectibles. The blockchain ensures authenticity and provenance, making NFTs popular in the digital art and collectible markets.
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