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What are NFTs?

NFTs are tokens that can represent unique real-world objects (like fine art or music) or a set of permissions in the: physical, digital, or legal world (like royalties).

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 What are NFT marketplaces?

NFT marketplaces are decentralized applications that allow you to create, sell, and buy NFTs. Some of the most popular NFT marketplaces are Rarible, OpenSea, and SuperRare.

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 How do NFTs work?

NFTs work by using blockchain technology to create a secure and transparent record of ownership for digital assets. When an NFT is created, it is given a unique identifier that is stored on a blockchain. This identifier, along with other information about the NFT, is used to verify the authenticity and ownership of the asset.

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 What makes an NFT valuable?

The value of an NFT is determined by a variety of factors, including the perceived value and rarity of the asset, the reputation of the creator or artist, and the demand for similar NFTs in the market. As with any asset, the value of an NFT can fluctuate over time and may be affected by a variety of external factors.

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