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NFTs, or non-fungible tokens, are unique digital assets that represent ownership of a specific item or piece of content, often secured on a blockchain. Unlike cryptocurrencies, which are interchangeable, each NFT has distinct information or attributes that make it one-of-a-kind. They are commonly used for digital art, collectibles, music, and virtual real estate, allowing creators to monetize their work and collectors to own and trade unique items.

NFTs offer a new way for artists and creators to monetize their digital work, allowing collectors to own unique items that can appreciate in value over time.