NFTs

NFTs (Non-Fungible Tokens)
Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership of specific items or content on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and interchangeable, each NFT has distinct metadata and identifiers that make it one-of-a-kind.
NFTs have revolutionized industries like art, music, gaming, and collectibles by enabling creators to monetize digital works directly and prove authenticity and ownership. They also allow programmable royalties, meaning artists can earn a percentage every time their NFT is resold.
Despite the excitement, the NFT market faces challenges, including price volatility, environmental concerns linked to blockchain energy use, and questions around copyright and intellectual property. However, ongoing innovation—such as eco-friendly blockchains and broader adoption in sectors like fashion, real estate, and virtual worlds—suggests NFTs will remain a significant part of the evolving digital economy.
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