Non-Fungible Tokens (NFTs)

Non-fungible tokens (NFTs): are digital units of value that are traded on the blockchain (usually via the Ethereum blockchain) and are used to represent ownership of unique digital items, and what distinguishes them is that they are “non-fungible”, that is, it cannot be exchanged and used as actual currency, it only has value.

Example: icons representing the property of a painting, a video or even a tweet on Twitter.

Learn more economic terms in the Glossary of Terms

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