Non-Fungible Token (NFT)
Non-Fungible Tokens are unique digital assets that can't be replicated or replaced.
A Non-Fungible Token (NFT) refers to a unique digital asset that is often used to represent ownership or proof of authenticity of a specific item or piece of content. Unlike cryptocurrencies, which are fungible and interchangeable, NFTs are indivisible and distinguishable, making them ideal for representing digital collectibles, artwork, virtual real estate, or in-game items. NFTs are built on blockchain technology, providing immutability, scarcity, and verifiable ownership. They enable creators and collectors to monetize and trade digital assets securely, while offering a new level of ownership and value in the digital realm.