What Is a Non-Fungible Token (NFT) and How Can You Use Them In Your Business?

Non-fungible tokens (NFTs) are digital assets that are unique and can’t be replaced. What does this mean? Well, NFTs represent ownership of an individual object, person, or brand. Unlike cryptocurrencies like Bitcoin or Ethereum which are fungible (meaning one is interchangeable with another), each NFT is different and operates on the blockchain. There are many ways to take advantage of NFTs to create new business models.

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