What is an NFT? Experts explain what 'non-fungible token' actually means

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Most people know that NFT stands for 'non-fungible token.' But what does that really mean? Experts explain what it stands for.

, a Wall Street Journal Art Market Reporter further explains,"In the simplest forms, it's proof that you own a thing. This proof doesn't come in the form of a paper contract that you keep in an archive or that your lawyer hangs on to. It's something that you own digitally."

Want to learn more about NFTs and the people who make, buy, and sell them? Watch"NFTs: Enter the Metaverse" at 8pm ET/5pm PST May 21st on ABC featuring

 

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