NFT (Non-Fungible Token)
Glossary
Tokens & NFTs
NFT (Non-Fungible Token)
A unique on-chain token used to represent ownership of a digital or physical item.
Definition
In depth
An NFT is a token that isn't interchangeable with another of its kind — each has a unique ID. NFTs are used for digital art, gaming items, music, identity, event tickets, and tokenized real-world assets. ERC-721 and ERC-1155 are the dominant standards.
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