An NFT, or non-fungible token, is a unique on-chain record of ownership for one specific item. It can stand for digital art, a game asset, an event ticket, a membership or a physical good.
Tokenization is the process of recording ownership of an asset as tokens on a blockchain. The asset can then be divided into smaller units, transferred and settled without a central registrar.
ERC-20 is the standard interface for fungible tokens on Ethereum and compatible chains. It defines how balances, transfers and spending approvals work so any wallet or app can support a token.
GameFi is the combination of video games and decentralised finance. In-game items and currencies become blockchain tokens that players own in their wallets, trade and sometimes earn.
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