2022 Science & Technology - Blockchain

With reference to Non-Fungible Tokens (NFTs), consider the following statements : 1. They enable the digital representation of physical assets. 2. They are unique cryptographic tokens that exist on a blockchain. 3. They can be traded or exchanged at equivalency and therefore can be used as a medium of commercial transactions. Which of the statements given above are correct?

• 1 and 2 only
• 2 and 3 only
• 1 and 3 only
• 1, 2 and 3