NFT is the acronym for non-fungible token and the term is related to blockchain technology. Many novice cryptocurrency enthusiasts frequently ask what is an NFT. We will try to explain the term here in detail.
NFT Key Highlights
NFT or non-fungible token refers to a unique digital asset representing ownership of music, video clips, art, and more such real-world items.
The blockchain technology used for NFT is the same that is used for cryptocurrencies.
NFT should not be mistaken as a currency.
NFTs are highly speculative assets and are sold for millions.
NFT is not the cup of tea for every investor.
I believe you find this guide helpful đÂ
Follow me for more crypto guides, news, and updates, and don't forget to share with your friends and family đ„°
See you in the next guides, take care đ