LeoGlossary: Non-Fungible Token (NFT)
If you swap a Bitcoin for another one, you cannot tell the difference. They are fungible. However, if one trades a NFT (a card) for another one, the original card holder has something completely different.
NFTs can be used to represent both digital as well as physical goods. The music and art world are some of the first adopters of this technology. There are also high end manufacturers creating a NFT for each item to fight counterfeiting.
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