In the vast digital landscape, Non-Fungible Tokens (NFTs) have emerged as a ground-breaking concept, transforming how we own and exchange digital assets. Let’s dive into the basics, exploring NFTs and unraveling the mechanics that make them tick.
What are NFTs?
NFTs, or Non-Fungible tokens, are like digital certificates of ownership. They represent something unique, making each token distinct from the others. Unlike traditional money, which is “fungible” and can be exchanged one-to-one, NFTs are individual and cannot be swapped like-for-like.
- https://www.mightywarner.ae/blog/what-is-nfts-and-how-does-it-work/
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