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The abbreviation NFT comes from the English and stands for the three words "Non-Fungible Token". Non-fungible goods are objects that are unique within their class (e.g. works of art) and thus have an individual value. - The opposite of this are fungible goods (e.g. money or Bitcoin), in whose class all objects are interchangeable because their value is identical. With the help of NFTs, the authenticity and ownership of (currently mostly digital) goods can be clearly proven and documented via the Ethereum-Blockchain.
Since 2017 there has been an ever-increasing range of unique digital products. Nowadays, NFTs are helping the digital art sector to establish itself and to verify their works.
By purchasing a work of art validated by NFT-Technology, you receive unfalsifiable proof of authenticity.
You have full control over your purchase and can resell it on an increasing number of NFT-Platforms at your own discretion.