A non-fungible token (#NFT) is a unique, non-interchangeable digital asset stored on a blockchain. Unlike cryptocurrencies like Bitcoin, NFTs cannot be replicated and are often linked to digital files such as photos, videos, and audio. They are mainly used to represent real-world items like art and real estate, making buying, selling, and trading more efficient while reducing fraud. NFTs can also represent identities, property rights, and other physical assets digitally.

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