So an NFT sounds complicated, but it is merely an ownership certificate.
In much the same way that a title deed represents the ownership of a house, an NFT is a cryptographically-secured digital certificate that proves ownership of something.
It can represent ownership of anything; such as commercial rights (of a movie or artwork), it could represent ownership of a certain privilege (such as VIP access to a sport stadium or event), or even represent ownership of a physical collectable (such as the Olympic swimming cap of Tatjana Schoenmaker or a wine vintage) — the possibilities are endless.
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