What Is An NFT?

NFTs, or Non-Fungible Tokens, refer to digital assets that are linked to items such as music, art, videos, in-game items, and other digital files. Unlike fungible assets like Bitcoin and Ethereum, which can be easily replaced or exchanged with identical units, NFTs possess unique identification codes and metadata that set them apart from one another. These distinctive features provide verifiable proof of authenticity and ownership within a blockchain network. Just like physical art and cryptocurrencies, NFTs hold value in the digital realm.