Business and Economics Reporting
Non-fungible tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity of a specific item, such as art, music, or virtual real estate, secured on a blockchain. Unlike cryptocurrencies like Bitcoin, which are interchangeable and have the same value, NFTs are one-of-a-kind and cannot be exchanged for one another on a one-to-one basis. This uniqueness allows NFTs to be used in various applications, from digital art to gaming and beyond.
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