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NFTs, Blockchain and Crypto. ExplainedNFT stands for Non-Fungible Token. Non-fungible means not replaceable by something identical. Non-fungible tokens, then, are digital files that users cannot. NFT stands for non-fungible token. It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but. Non-fungible tokens, often referred to as NFTs, are blockchain-based tokens that each represent a unique asset like a piece of art, digital content, or media.