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NFT stands for Non-fungible Tokens, the name given for a token that cannot be exchanged for another. NFT is, therefore, one of a kind. These tokens usually exist on the. Ethereum blockchain and have essential information about the asset being tokenized- usually digital art or collectibles. Popular forms of NFTs include gifs, jpegs, videos, and tweets. It can be a sentimental purchase, a financial investment, a collectible for the loyal fan of a creator, a band, or a sports team.