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What is NFT? NFT stands for Non-Fungible Token. An NFT is a type of digital asset that is stored on a blockchain and cannot be replicated or exchanged. NFTs represent a unique digital asset, such as a piece of art, a video, a collectible item, or a digital trading card, and they are often used to buy and sell digital content. NFTs are becoming increasingly popular as digital collectors are looking for new ways to purchase and trade unique digital assets.