Non-fungible tokens (NFTs) are unique digital assets that represent ownership of a specific item or piece of content on a blockchain. Unlike cryptocurrencies, which are fungible and can be exchanged one-for-one, NFTs are distinct and cannot be replaced with something else, making them ideal for representing items such as digital art, music, or collectibles. This uniqueness offers new avenues for artists and musicians to monetize their work in the digital space.
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