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Explained: What are Non-fungible tokens or NFTs?

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A new type of digital asset has exploded in popularity during the pandemic – non-fungible tokens or NFTs. Examples of NFTs range from digital artworks and sports cards to pieces of land in virtual environments, and enthusiasts and investors have scrambled to spend enormous sums of money on the items that only exist online.

#News #Reuters #NFTs #nonfungibletokens #Blockchain

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World
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