WHAT IS AN NFT? WHAT DOES NFT STAND FOR? Non-fungible token. That doesn’t make it any clearer. Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.
At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs

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NFTs Explained: What is NFT in Crypto?
Before anything, let me give you a clear-headed definition of NFT and what it stands for. NFT stands for Non-fungible Token. Fungible by its very definition means something that is mutually interchangeable. For example, you can exchange a $10 note with another $10 note or exchange it with two $5 notes. In both cases, the value remains the same and you will have no problem exchanging the money. Here, money is a fungible item as it can be exchanged without diminishing the value.

NFTs Explained: What is an NFT and What is Its Use

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