Definition ∞ An NFT collection is a group of non-fungible tokens sharing a common theme, artist, or brand. Each token within the collection is unique, representing a distinct digital asset like art, music, or a virtual item, but all are part of a larger, identifiable series. These collections often launch with a specific narrative or utility, aiming to build a community around their digital offerings. They are typically traded on specialized marketplaces, with their value often determined by scarcity, artist reputation, and community demand.
Context ∞ NFT collections are a prominent feature in digital asset news, with discussions frequently revolving around market trends, cultural significance, and intellectual property rights. Debates often question the long-term value and utility of specific collections versus their speculative appeal. Future developments will likely see greater integration of NFTs into gaming, metaverse experiences, and real-world applications, moving beyond purely speculative digital art.
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