• Technology

    Understanding NFTs: What They Are and How They Work

    The Basics of NFTs: Definition and Characteristics NFTs, or non-fungible tokens, are digital assets that represent ownership of a unique item or piece of content. Unlike cryptocurrencies such as Bitcoin, which are interchangeable with one another, NFTs are non-fungible, meaning they are one-of-a-kind and cannot be exchanged for other tokens on a one-to-one basis. NFTs are created using blockchain technology,…

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