NFT stands for non-fungible tokens. An NFT is not a cryptocurrency, but — like cryptocurrencies — uses blockchain technology to assign ownership to digital and physical items. NFTs carry unique identifiers, allowing the tokenizing of real-world items through smart contracts. This facilitates the ability to buy, sell, and trade NFTs. Smart contracts built into an NFT’s code also allows for royalties to be executed. #nfts #nft #nftcommunity #nftcollector #cryptowitchclub