What is an NFT?

NFT stands for non-fungible-token. This means that the token is unique and not interchangeable with any other NFT, whether from the same series or another.

Example: 


Imagine trading 100 ALBT with someone. It does not make a difference which ALBT tokens you are holding. However, with NFTs, all are numbered differently and contain a unique image, gif, video, song, etc. The proof of ownership of the NFT is stored on the blockchain.


Find out more about NFTs on Investopedia.

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