An NFT: What it is and How it Worksby@vincentstephen
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An NFT: What it is and How it Works

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An NFT (Non-fungible token) is a type of digital asset on blockchains. Every NFT has its own identity code and is used to represent a real-life asset such as a drawing, a song or even a house. NFTs run on a blockchain just like coins or tokens, but the difference is that they cannot be traded equivalently. They are unique and cannot be replaced or exchanged equivalently as usual tokens. The price of an NFT is set by the market, and the price is volatile depending on the market. The term is now widely used in various aspects including gaming, collectibles, fashion, fashion and ticketing.

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@vincentstephen

Vincent Stephen

Love the smell of money


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