What is meant by NFT?

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What is meant by NFT?
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Introduction

• Hi all! I hope this will be fruitful for you, and
  it's going to be a new concept for some newbie
  who wants to learn interesting topics. NFT is the
  new trending concept and going to hit the future
  financial system. Perhaps, If you don't know
  before, use this platform to get more knowledge
  about NFTs.
• NFT is the short form of Non-Fungible Token.
  Moreover, it is one of the models of
  Cryptographic tokens. It affords ownership of
  digitally rare goods.
• Here is a brief explanation of NFT,

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Non-Fungible Token

• First, digitally rare goods like art/paintings or
  collectibles like cards, etc., this known as NFT.
  The phrase fungibility is the characteristics of
  goods or properties where it has its own unit
  that is interchangeable or indistinct. You can
  take Fiat currency as an example.
• And also, you can take a player card as a good
  example of NFT. Because the value of one card vs
  another card is different in the year of
  production and how long they are preserved.

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Features Of NFT

• 1) Digitally distinct, no two NFTs are the same.
• 2) Each NFT has an owner, so easy for anyone to
  verify.
• 3) Useful for content creators, they can sell
  their work anywhere and access a global market.
• 4) Users can use digital artwork as collateral in
  a decentralized loan.

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What Are The NFT Used For?

• Here is the information of use cases and visions
  for NFTs.
• Digital content
• Gaming items
• Domain names
• Physical items
• Investments and collateral

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Conclusion

• As the report says, 100M worth of NFT is traded.
  NFT generates huge potential and fast-growing
  niches in crypto. Do you want to earn passive
  income? Then check out the link.
• Have a great day. Good luck with your future!