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A non-fungible token (NFT) is a unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content, typically using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are indivisible and cannot be exchanged on a like-for-like basis. Each NFT has a distinct value and set of properties that make it one-of-a-kind and different from any other token.
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