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NFTs, or non-fungible tokens which are unique digital assets that utilise blockchain technology to establish ownership and authenticity. Unlike cryptocurrencies such as Bitcoin, which are fungible and can be exchanged on a one-to-one basis, NFTs represent distinct items, such as artwork, collectibles, or virtual real estate.

They provide verifiable proof of ownership, allowing creators and collectors to buy, sell, and trade these digital assets in a decentralised and transparent manner. NFTs have gained significant popularity in recent years, revolutionising the concept of digital ownership and creating new opportunities in the digital art and collectibles markets.