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An NFT (Non-Fungible Token) is a unique digital asset that represents ownership or proof of authenticity of something usually a digital item like artwork, music, videos, in-game items, or even virtual real estate. How NFTs Work 1. Blockchain Technology: NFTs are created and stored on a blockchain (usually Ethereum). The blockchain keeps a permanent, public record of who owns the NFT and its transaction history. 2. Minting: To create an NFT, a digital file (like a piece of art or music) is “minted” — turned into a token on the blockchain with a unique ID and metadata. 3. Ownership and Transfer: Once minted, an NFT can be sold or transferred between digital wallets. Ownership is tracked on the blockchain and can’t be faked or altered. 4. Smart Contracts: NFTs are powered by smart contracts, which are bits of code that automatically handle transactions, royalties, and rules about how the NFT can be used or sold. 5. Digital Wallet: To buy, store, or sell NFTs, you need a crypto wallet (like MetaMask), and usually some cryptocurrency (like ETH for Ethereum-based NFTs).

If you’re an artist, musician, or content creator: • You mint (create) an NFT of your work and list it for sale on an NFT marketplace like OpenSea, Rarible, or Foundation. • When someone buys it, you receive payment in cryptocurrency (usually Ethereum). • You can also set a royalty fee (often 5–10%) so you earn money every time your NFT is resold on the secondary market. Example: A digital artist mints a piece for $200, and it resells a month later for $2,000 the artist gets a cut again from that resale. 2. Trading NFTs as a Collector or Investor If you’re buying NFTs: • You can flip them buy low and sell high, like trading collectibles or stocks. • This works best if you catch a trend early or buy into a popular project that grows in value. Example: You buy an NFT from a popular collection early for $300, and later resell it for $3,000. 3. Renting or Licensing NFTs • Some NFTs (like game items, virtual land, or music rights) can be rented out or licensed to others. • This generates passive income without selling the NFT. 4. Using NFTs in Play-to-Earn Games or Metaverse Platforms • In games like Axie Infinity or metaverse spaces like Decentraland, you can earn tokens by using your NFTs (characters, land, items) and trade them for real money. 5. Earning Royalties from Creative Work If your NFT gets popular and traded frequently, the built-in royalties continue to pay you without you doing anything extra.

In slang, NFT is sometimes used humorously or sarcastically to refer to someone or something as “Not For Twitter”. This is a playful or dismissive way to indicate that something is not worth sharing or discussing on Twitter, often implying that it’s either irrelevant or not up to the platform’s usual standards. However, in most contexts, NFT still stands for Non-Fungible Token, especially in the world of digital assets and blockchain technology. The slang meaning is more of an internet meme and isn’t as widely used as the original term.