non-fungible token crypto technology

Non-fungible token technology is based on ERC-721 & ERC-1155 token standards. NFTs represent unique digital assets and they are not interchangeable.
NFTs or Non-Fungible Tokens are blockchain-backed unique digital assets that have no definite value. Cryptocurrencies can be exchanged for their equivalent counterparts and used for buying/selling products and services. Whereas NFTs don’t have similar counterparts and each NFT has at least one distinguished character. They are non-interchangeable and cannot be used in commercial transactions.

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