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Non-Fungible Tokens

Non-Fungible Tokens (NFTs) represent a category of digital assets with unique identifiers, distinguishing them from other tokens. NFTs are one-of-a-kind and cannot be exchanged on a like-for-like basis. They use blockchain technology to verify ownership and authenticity, often linked to digital or physical assets like artwork, music, or virtual items in games.

Each NFT has distinct metadata that sets it apart from other tokens, making it a digital certificate of ownership. This uniqueness and verifiability enable NFTs to serve as collectibles and investments, though their market is subject to volatility and speculation.