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NFTs, or non-fungible tokens, provide a number of benefits. Through the use of blockchain technology, they clearly define ownership and provenance, ensuring authenticity and minimizing fraud. Limited edition digital assets become more valuable as a result of NFTs' creation of digital scarcity. They can have configurable features like automated royalties and are interoperable, enabling simple trading between platforms. NFTs offer a global audience, allowing creators to interact with people all over the world, and their uses are diverse. They may alter how artists are paid because they promote cultural impact and community engagement.
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