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Non-Fungible Tokens (NFTs) are a unique digital asset designed to show ownership of a virtual item. An NFT is a store of data on a digital ledger, the blockchain, that certifies a digital asset to be unique and thus not interchangeable. An NFT can represent a tangible asset such as a photograph, video, song, or other type of digital file, however access to any copy of the original file is not restricted to the buyer of the NFT. While a copy of the digital item, such as a photograph, may be available for anyone to obtain, NFTs are tracked on the blockchain to provide the owner with a proof of ownership distinct from intellectual property rights.
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