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What is a NFT?

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An NFT stands for a “Non-fungible Token” which is a digital asset that represents real-world objects like art, music, videos, or other representations of value. They are bought and sold online using blockchain ledger technology. Imagine you want to own the cover art of the album for future republication, if you own the NFT, you can basically own the rights of this. The same can be applied to many things of value.

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