NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art and collectibles..., They can only have one official owner at a time no one can modify the record of ownership or copy/paste a new NFT into existence.
NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.
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Quantifying utility involves determining asset application, adoption, community engagement and development activity.
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