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NFT Minting

Definition

NFT minting is the process of creating a unique digital asset on a blockchain, transforming a digital file into a non-fungible token. This action registers the digital item, such as art or collectibles, as a public record on the blockchain ledger. Upon minting, the NFT receives a unique identifier and verifiable ownership details. It effectively tokenizes a digital creation, making it scarce and tradable. This procedure ensures authenticity and provable provenance for digital assets.