Finance glossary
NFT
Definition
A unique digital token proving ownership of a specific item.
A non-fungible token is a one-of-a-kind blockchain record that certifies ownership of a digital or physical asset, such as art, collectibles, or game items. Unlike cryptocurrencies, each NFT is unique and not interchangeable. The market saw a speculative boom and bust.
In a sentence
She minted her artwork as an NFT, giving the buyer a blockchain record of ownership.
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