There’s also a lot of discussion about the massive electricity use and environmental impacts of NFTs. NFTs have been making headlines lately, some selling for millions of dollars, with high-profile memes like Nyan Cat and the “deal with it” sunglasses being put up for auction. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain.
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