NFT (Non-Fungible Token)

An NFT, or Non-Fungible Token, is a unique digital asset stored on a blockchain that certifies ownership of a specific item, such as art, music, or collectibles. Unlike cryptocurrencies like Bitcoin or Ethereum, which are interchangeable, NFTs are one-of-a-kind, making them valuable for digital ownership and provenance. They leverage blockchain technology to verify authenticity, scarcity, and transferability, allowing creators to sell and control digital rights directly to buyers. In essence, an NFT is a digital certificate of authenticity for items that can be uniquely identified and traded online.