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NFTs

TechMagic with Cathy Hackl

CHAPTER

What Is an NFT? And Why Are They So Important?

NFT stands for non-fundable token and it's essentially a unique and non-interchangeable unit of data stored on a digital ledger such as the blockchain. A fungible asset is something that equals one to one. The American artist known as Beeple sold a digital artwork at Christie's for over 60 million dollars, it became the most expensive NFT ever sold at auction.

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