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Non-Fungible Tokens (NFTs): Legal, tax and accounting ... - VeriMedia

standard by Enjin, which supports non-fungible tokens (NFTs) and fungible tokens. It improves upon the ERC-721 standard by making the NFTs faster and more efficient to use in batch transfers. According to some estimates, gas fees are cut by 90%. NFTs exist on a blockchain, which is a distributed ledger that records transactions.