An NFT (Non-Fungible Token) on Binance refers to a unique digital asset that represents ownership of a specific item, artwork, collectible, or other digital goods. Binance, a popular cryptocurrency exchange, has its own NFT marketplace where users can buy, sell, and trade NFTs.

The Binance NFT Marketplace offers a wide range of NFTs, including:

1. **Art:** Digital artworks created by artists, often limited in quantity, making each piece unique.

2. **Collectibles:** Virtual items that can include sports memorabilia, music, virtual real estate, and more.

3. **Gaming:** In-game assets, characters, or other digital items that can be used within specific games.

4. **Mystery Boxes:** Boxes that contain a random NFT, allowing users to discover rare or unique items.

NFTs on Binance are usually purchased using cryptocurrencies like Binance Coin $BNB (BNB), $ETH Ethereum (ETH), or Binance USD (BUSD). The marketplace provides features like auctions, fixed-price sales, and even the ability to mint your own NFTs.

Because each NFT is stored on a blockchain, it ensures the authenticity and provenance of the digital asset, providing proof of ownership and rarity.

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