What is an NFT?

First, let's start with the basics. What exactly is an NFT?
An NFT is a unique, digital asset that is stored on a blockchain. Unlike cryptocurrencies, which are fungible, meaning they can be exchanged for other cryptocurrencies, NFTs are non-fungible, meaning they cannot be exchanged for anything else. Each NFT is one-of-a-kind and has a unique value, which is determined by the market.
NFTs can take many forms, including digital art, music, videos, and even tweets. Essentially, any digital asset can be turned into an NFT. When someone buys an NFT, they are buying ownership of that specific digital asset. This means that if the creator of the digital asset makes any changes to it or creates a new version, the original NFT remains one-of-a-kind and retains its value.

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