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What is NFT?

Answer : Infusible Token is referred to as NFT. It is a particular class of digital asset that is kept on a blockchain, a decentralised digital record that enables safe and open trades.

NFTs are distinct from other digital assets, such as cryptocurrencies, due to their non-interchangeability. Each NFT is unique and cannot be duplicated or traded for another item. As a result, digital artwork, music, films, and other sorts of digital content that are valuable as distinctive and original works can be represented using NFTs.

Transactions involving NFTs are made using cryptocurrencies like Ethereum, and they are tracked on the blockchain. The ownership of an NFT is likewise documented on the blockchain, enabling ownership and legitimacy of the digital asset to be established.

In recent years, NFTs have drawn a lot of interest as a brand-new means for musicians, artists, and other creators to monetise their digital work as well as for investors, collectors, and others to buy special and priceless digital assets.

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