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Line Goes Up � The Problem With NFTsNFT stands for non-fungible token. Like cryptocurrencies, they are also digital tokens (commonly called digital assets). But compared to. NFTs are one-of-a-kind digital assets that are stored on a blockchain and cannot be duplicated or cloned. NFT stands for Non-Fungible Token. Non-fungible means not replaceable by something identical. Non-fungible tokens, then, are digital files that users cannot.