Non-fungible token

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A non-fungible token is a digital token - stored on a blockchain - that certifies a digital asset to be unique.

The best-known, and most expensive, NFTs have related to works of art.

The difference between an NFT and a cryptocurrency is that units of the cryptocurrency are fungible (interchangeable) and each of equal value.

NFTs are - by definition - unique and not interchangeable.

Accordingly, each NFT can have a different value.

See also