What Is An NFT’s Purpose?

NFTs are collectible digital assets with monetary worth, similar to how tangible art has monetary value.

​Cryptocurrencies such as Bitcoin and Ethereum are similar to NFTs. An NFT, on the other hand, is fully unique and cannot be traded like-for-like, which is where the term “non-fungible” comes into play.

The file contains additional data that raises it above the domain of pure currency…

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