NFT is the short form of Non-Fungible Token and unlike its fungible counterparts such as freely interchangeable crypto coins, NFTs are not interchangeable.
For example, a fungible token like Bitcoin is interchangeable for something of similar value. One Bitcoin can be exchanged for Ethereum (another fungible token) of a similar value (that is ETH equivalent to the value of 1 BTC). That is not the case for NFT as its unique properties mean one NFT cannot be exchanged for another, as they cannot be of similar value.
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