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NFTs, ExplainedNFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. � NFTs can represent digital or real-world items. NFTs (or �non-fungible tokens�) are a special kind of cryptoasset in which each token is unique � as opposed to �fungible� assets like Bitcoin and dollar bills. NFT stands for non-fungible token. It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but.