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An NFT or a Non-Fungible Token is anything that represents real-world objects, such as art, music, in-game items, and videos. However, they are not sold in ordinary marketplaces through fiat money channels. Instead, they are sold online through blockchain channels and are frequently coupled with cryptocurrency. You will not believe it, but since November 2017, a whopping $174 million have been spent on NFTs, an amount as large as a small country’s GDP.