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NFT stands for non-fungible token.Non-fungible tokens are unique, non-interchangeable and non-hackable digital tokens powered by public blockchains. Compared to fungible tokens (BTC, ETH, XRP, and etc), non-fungible tokens contain extra information allowing them to store MP3, JPEG and other digital files. By being minted (created) on blockchain, NFTs differ from regular digital items in that their ownership is always provable and thus authenticity is innate since their generation.