NFT stands for non-fungible token.
Example 1:
Tina bought an NFT of a digital artwork from her favorite artist. Now she can own a unique piece of digital art that cannot be replicated or replaced.
Example 2:
John is a big basketball fan and he recently acquired an NFT featuring a rare highlight of his favorite player’s game-winning shot. With the NFT, he can prove that he owns the original digital collectible.
Synonyms:
non-fungible token, digital asset
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