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WHAT IS A SMART CONTRACT NFT

Smart Contracts are applications or programs on a blockchain. These contracts execute specificactionsbased on conditions that have been set in their programming automatically.

For example, we can create a smart contract that automatically distributes the money in a wallet among 5 people when it reaches an amount of $1000.

Smart Contracts are really useful as they avoid human error and provide unparalleled security.

In the NFT world, the most commonly used Smart Contracts are Staking and Raffles.

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