1. NFTs are fungible tokens that can be exchanged for one another.
2. NFTs can represent ownership of digital art, music, and collectibles.
3. An NFT can be divided into smaller parts like Bitcoin.
4. NFTs are stored on a blockchain, ensuring their authenticity and ownership.
5. Only Ethereum supports NFTs and their creation.
6. NFTs can have smart contracts that define their ownership and transfer rules.
7. NFTs can be used to verify the authenticity of physical assets.
8. NFTs are primarily bought and sold using cryptocurrency.
9. NFTs are not recognized as assets by any legal systems.
10. The NFT market has exploded in popularity, with high-profile sales reaching millions of dollars.