What is NFT?

Non-Fungible Token (NFT) is a unique digital identifier recorded on a blockchain. It's used to verify ownership and authenticity of a digital asset, which can range from artwork, photos, videos, to audio files. An NFT cannot be copied, replaced, or subdivided and its ownership can be transferred, which allows it to be bought and sold [[1]( https://en.wikipedia.org/wiki/Non-fungible_token)]. Unlike cryptocurrencies, NFTs cannot be exchanged on a one-to-one basis, making them irreplaceable and valuable in the digital world.
Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.