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Q.

How we can use NFT in Banking?

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0 2023-01-09T07:44:32+00:00

NFT is an acronym for non-fungible tokens. The similarities between it and cryptocurrencies like Bitcoin or Ethereum end there, despite the fact that it is typically developed using the same type of programming. Both Physical money and cryptocurrencies are "fungible," which means they may be traded or converted into one another.

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An NFT proves that you are the sole owner of a digital item (e.g., a piece of art, an in-game purchase, or a tweet). NFT is non-fungible, thus even if you can purchase it for a fixed price, its market value will probably change.

However, to know the various digital assets via which you can use the NFT in banking, you can go through the below-mentioned response;

What Is NFT In Banking: Meaning?

I hope this helps:)

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