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Non-fungible Token (NFT)

Non-fungible Token (NFT) is a record on a cryptocurrency’s blockchain. It secures the ownership of anything that is unique and needs provable ownership, ranging from images to real estate. Once an item is tokenized, it is tradeable and stored on a decentralized, public blockchain along with its ownership history. Consequently, the record of ownership cannot be altered or erased, serving as copyright but without being granted by a centralized authority.

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© Chair for Strategy and Organization, Technical University of Munich

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