Non-fungible Token (NFT)
Definition
NFT refers to a type of digital asset or token used to verify the uniqueness and ownership of digital assets using blockchain technology.
Non-fungible Token (NFT) refers to a type of digital asset or token used to verify the uniqueness and ownership of digital assets using blockchain technology. NFTs represent unique digital assets that are neither interchangeable nor interchangeable. For example, unique digital content such as digital artworks, collectible cards, pieces of digital real estate can be represented as NFTs. Each NFT has a unique identity and ownership information and is recorded on the blockchain, allowing ownership rights to be tracked securely and transparently. While NFTs are generally used in areas such as digital art and collectibles, they are finding more and more uses.
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
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The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
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