I’m seeing this everywhere, but I’m not sure I understand the concept.
In: Technology
Nft stands for non fungible token. It is a way to digitally represent ownership of something digital (NBA topshots is a good example of this) backed by the same technology that underpins crypto currencies. It’s called a block chain, and uses encryption and distributed computing power to validate all transactions. In other words, you can “own” a digital picture or video and have proof that you do, which cannot be copied or replicated.
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