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Digital Provident Florida home to be sold as a non-fungible token (NFT) in novel crypto transaction
A home along Florida's Gulf Coast will be auctioned off in the upcoming week as a “non-fungible token" (NFT) in what is believed to be among the first such transactions in the US. Non-fungible tokens — or NFTs — use a version of the encryption technology employed to secure cryptocurrencies to create one-of-a-kind digital objects. The technology provides digital creations a kind of certificate of authenticity, allowing ownership of something that could otherwise be replicated endlessly.
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