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What Is Non-Fungible Token? | Coinspeaker


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The NFT industry has grown from a market cap of $30 million in 2017 to over $300 million by 2020. This guide will help you to learn more about non-fungible tokens.
Ever since digital currencies began to gain popularity in the financial industry, the focus of the crypto community instantly rested on Bitcoin and other digital currencies. Surprisingly, this course of the event came with a silver lining, an innovation that would introduce another interesting class of digital assets, which would take the world by storm. Their name is non-fungible token.
A non-fungible token (NFT) is a special digital crypto asset that provides special services and cannot be traded with other tokens. This is quite different from digital currencies like Bitcoin and other similar assets which can be interchanged for one another. In other words, this asset usually takes trades on unique electronic collectibles such as virtual art and images, in- ....

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