NFT (Non-Fungible Token) is a type of digital asset that represents a unique item or piece of content. Unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are non-interchangeable, with each NFT having a distinct identifier and properties. NFTs are typically used for digital art, music, videos, virtual real estate, and other forms of creative works, but they can also be used for in-game items, collectibles, and more.
Each NFT is stored on a blockchain, typically the Ethereum blockchain, although other blockchains like Solana, Tezos, and Flow also support NFT platforms. NFTs enable creators to establish unique ownership and copyright in the digital realm, and allow buyers or collectors to possess "unique" digital content.
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