Understanding NFTs
NFTs, or Non-fungible tokens, represent unique ownership of specialized digital content or items. The term 'non-fungible' means they are unique and cannot be replaced with something else. For example, if you have a painting, it's unique and can't be swapped for another painting that would be exactly the same. This differs from cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged for one another.
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