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What is an NFT?

Brief Description of NFTs

An NFT is a Non-Fungible Token. These are digital assets that exist on blockchains and cannot be replicated. NFTs can be used for art, real estate, identification, and collectables. Bar codes are easily replicated, and passwords can be guessed. However, due to advances in blockchain technology, it is impossible to replicate an NFT. It can only be in one wallet at a time. It is unique and cannot be replaced… If you are storing something digitally that you want no one else to have, an NFT would be your best option.