An NFT, or Non-Fungible Token, is a unique digital asset that verifies ownership and authenticity of a specific item or piece of content using blockchain technology.
NFTs are distinct from cryptocurrencies like Bitcoin because each one represents an individual, one-of-a-kind item, such as digital art, music, collectibles, virtual real estate, or in-game items.
They’ve gained popularity as a way for creators to monetize digital creations and for collectors to own and trade unique digital assets, with ownership and transaction records securely stored on the blockchain for verification.