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NFT stands for a non-fungible token, a digital asset that is unique and cannot be replicated or divided into smaller parts. NFTs are stored on a blockchain, making them secure and verifiable. They can represent anything from artwork and music to virtual real estate and sports trading cards. NFTs have gained popularity in recent years as a way for artists and creators to monetize their digital creations and for collectors to own and trade unique digital assets. While the concept of NFTs may be new, their potential for disrupting traditional asset ownership and investment is significant.

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