All For One
  • Getting Started
    • Introduction
    • Installing the App
    • Creating a Wallet
      • Create via Seed Phrase
      • Create via SSO
      • Create via SSS
    • Importing a Wallet
      • Import via Seed Phrase
      • Import via Private Key
      • Import via SSS
      • Import via Hardware Wallet
    • Searching Crypto Assets
    • Buying Crypto Assets
      • Buying Coins with Fiat
      • Buying Tokens with Coins
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  • Token Research
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  • Wallet Management
    • Supported Blockchains
    • Importing Tokens
    • Sending Crypto Assets
    • Receiving Crypto Assets
    • Wallet-Specific Settings
      • Enabling Chains
    • Global Wallet Settings
      • Collapse Defaults
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  • User Settings
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  • Security Features
  • Glossary
    • Definitions
      • Self-Custody Wallets
        • Public Addresses
        • Seed Phrases
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        • Shamir's Secret Sharing
        • Multi-Chain Wallets
        • Hierarchical Determination
      • Smart Contracts
        • Tokens
        • NFTs
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        • CPMM Formula
      • Decentralization
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        • Decentralized Applications
        • Web3
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          • Blockchain Explorers
    • Disambiguation
      • Coins vs Tokens
      • Seed Phrase vs Private Key
      • DEXs vs CEXs
      • Fungible vs Non-Fungible Tokens
      • PoW vs PoS
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NFTs

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Last updated 2 years ago

A Non-Fungible Token (NFT) is a type of digital asset that is unique and cannot be replicated or exchanged on a one-to-one basis. This is in contrast to traditional cryptocurrencies, which are interchangeable and have a uniform value. NFTs are built on blockchain technology using , which allows for the creation and secure transfer of unique digital assets.

Each NFT is represented by a digital , which contains information about the asset it represents and its ownership history. This allows for the verification of the authenticity and ownership of the asset. NFTs can be bought and sold on online marketplaces, and their value is determined by factors such as the rarity and perceived value of the asset they represent.

NFTs have gained popularity in recent years, particularly in the world of digital art and collectibles. They have also been used to represent other forms of digital content, such as videos, audio recordings, and virtual real estate. Overall, NFTs offer a way to establish ownership and authenticity of digital assets in a secure and verifiable manner.

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