NFT

By: WEEX|2024/10/26 09:34:21

Non-Fungible Tokens (NFTs) are digital assets that represent ownership or proof of authenticity for a unique item, often digital art, music, collectibles, or in-game assets. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are indivisible and unique, making each token distinct. NFTs are created and stored on blockchain networks, most commonly Ethereum using the ERC-721 or ERC-1155 standards. The uniqueness and provenance of NFTs are guaranteed by the blockchain, making them ideal for representing rare or limited-edition items. NFTs have gained popularity in the digital art and gaming sectors.

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