An NFT, or non fungible token, is a blockchain token that is unique and cannot be swapped one for one like a bitcoin. It records who owns a specific item, usually digital art, a collectible, a game asset or a membership pass.
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The NFT lives in a smart contract that tracks ownership. The image or file is usually stored elsewhere and linked from the token. Creators can earn royalties on resales where marketplaces enforce them.
NFT prices are thin and can collapse; many 2021 collections fell over 90%. Fake copies and phishing links are common, and owning an NFT does not always give copyright to the artwork.
The lowest asking price for any item in a collection, a rough gauge of its value.
On marketplaces such as OpenSea, Magic Eden and Blur, and in some games.