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NFT stands for Non-Fungible token, which is data added to a file that creates a unique signature. The most popular ones we know now are images, artworks, songs, tweets or even a test posted on a website or various other digital formats.
Saying someone has their NFTs means they have ownership over some digital items. Rather than physical items, NFTs can be collectible digital items.
Key features of NFTs:
- Their values are changing over time based on what other people are willing to pay.
- NFTs have their own security feature as they have unique data added to their digital work.
- Anyone can buy, sell, trade or give NFTs to other people online.
In the market, most NFTs are part of the Ethereum blockchain such as Opensea, Rarible, Foundation, etc. Ethereum is a cryptocurrency like FAB coin or Bitcoin, but its own blockchain also supports these NFTs, which stores extra unique data to these digital files.
Some of these platforms are very easy for crypto beginners and are easy-to-use while others may have a higher level of entry. We have launched a fully decentralized NFT marketplace called Collection Gala based on the Fast Access Blockchain, making NFT available not only for art, games…
