GK Question

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Digital assets in the metaverse that represent ownership of unique items are called ________.

Answer: NFTs

NFTs (Non-Fungible Tokens) are blockchain-based tokens representing unique digital or physical assets: art, collectibles, virtual land, avatars. Unlike cryptocurrencies (fungible), each NFT has distinct value and metadata. Enable true digital ownership and creator royalties in metaverse economies. Important for digital economy questions.

Topic Metaverse
Exam Relevance UPSC, Banking, SSC