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An NFT is a data file, stored on a type of digital ledger called a blockchain, which can be sold and traded. [8] The NFT can be associated with a particular asset – digital or physical – such as an image, art, music, or recording of a sports event. [9] It may confer licensing rights to use the asset for a specified purpose. [10]
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When you create a non-fungible token (NFT), you establish ownership of a digital asset or online collectible -- and if the world loves it, the right NFT can earn you a bundle of money. See Our ...
[9] [10] [11] ERC-721: Non-Fungible Token Standard is credited with formalizing and defining the term NFT. [ 12 ] During the standard's drafting phase, lead author Entriken held a vote among the stakeholders where different words were considered including deed, title and asset, but ultimately "NFT" was chosen for the standard's final publication.
An NFT is a digital asset that represents some tangible, real-world item, oftentimes artwork. These creations are tied to the blockchain and are unique representations, which in some cases can ...
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