Utility Driven NFTs & Their Real-World Applications
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NFT stands for “non-fungible tokens” that are attached to a physical good or service. NFTs are embedded bits of code in a blockchain server and are tied to cryptocurrency. They can be used as a stake in cryptocurrency transactions to earn money for their owners. In video games, Niftyville is a roleplaying game that allows plays to introduce new items in the game to earn real money. In art, NFT art is strictly a matter of bragging rights that exists on the internet.