4. Non-Fungible Tokens (NFTs)
Non-Fungible Tokens (NFTs) are cryptographic assets that serve as unique and unforgeable certificates of authenticity and ownership for a specific item, recorded on a blockchain. This system allows a digital object to be verifiably original and scarce, solving the long-standing problem of infinite reproducibility that historically diminished the value of digital creations. The ability for these unique digital assets to be created, recognized, and traded across a vast and decentralized ecosystem is enabled by technical frameworks known as token standards. These standards are blueprints embedded in smart contracts that define a common interface for how NFTs are managed, ensuring interoperability between different applications, wallets, and marketplaces.
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