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Because of the following factors, NFTs have shown to be a beneficial investment: Creates Value for the Tokenized Asset: NFTs provide a means through which real goods such as art pieces can be tokenized, preventing duplication and granting sole ownership to the artist.

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What exactly are NFTs? NFT stands for non-fungible token, which implies there’s a wholly unique and non-interchangeable unit of data kept on a digital ledger that uses blockchain technology to establish proof of ownership hidden inside those odd artworks.