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An NFT, or Non-Fungible Token, is a unique digital asset stored on a blockchain. Unlike cryptocurrencies like Bitcoin, each NFT is distinct and cannot be exchanged on a one-to-one basis. They are used to represent ownership of items such as digital art, music, videos, and even real estate. NFTs allow creators to sell their work directly to buyers, ensuring authenticity and provenance. This technology is revolutionizing how we think about digital ownership and value.
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