What Do NFTs Mean for Fiat Currencies and Foreign Exchange?

What are non-fungible tokens?

A mere 20% of adults in the United States can define what an NFT is. The vast majority of the population has either never heard of them or is confused about what they are exactly. An NFT is a unique, cryptographic, non-interchangeable digital asset. They are units of data that are created on a blockchain ledger and cannot be replicated. They represent real-world items, such as music, artwork, videos, and real estate.

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