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  3. NFT (Non-Fungible Token)
Glossary
NFT (Non-Fungible Token)

Unique digital asset representing ownership of specific items, built on blockchain technology to ensure authenticity and scarcity. Unlike cryptocurrencies, each NFT has distinct properties and cannot be exchanged on a one-to-one basis. The 2021 NFT boom saw digital art selling for millions, though the market has since cooled significantly