1. Non-fungible: NFTs are unique digital assets that cannot be exchanged for one another like traditional currencies.
2. Blockchain: NFTs are stored on a blockchain, which is a decentralized digital ledger that records transactions.
3. Metadata: Each NFT contains metadata that describes its unique characteristics and ownership history.
4. Digital assets: NFTs can represent a wide range of digital assets, such as artwork, music, videos, and even tweets.
5. Ownership: The ownership of an NFT is recorded on the blockchain, which provides a tamper-proof record of who owns the asset.
6. Marketplaces: NFTs can be bought and sold on various online marketplaces, such as OpenSea, Rarible, and SuperRare.
7. Smart contracts: Smart contracts are used to create and manage NFTs on the blockchain, and they can automate the process of buying, selling, and transferring ownership of NFTs.
8. Crypto wallets: NFTs are stored in crypto wallets, which are digital wallets that allow users to store, send, and receive cryptocurrencies and other digital assets.
9. Gas fees: When buying or selling NFTs, users need to pay a gas fee, which is a small amount of cryptocurrency that is paid to the network to process the transaction.
10. Value: The value of an NFT is determined by various factors, such as its rarity, popularity, and the reputation of the creator.
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