Non-Fungible Token (NFT)

A Non-Fungible Token (NFT) is a unique digital asset secured by blockchain technology that certifies ownership of a specific item, such as art, music, or digital collectibles. Unlike cryptocurrencies like Bitcoin, which are interchangeable, NFTs represent something one-of-a-kind, making each token distinct. They enable artists and creators to prove authenticity and ownership in the digital space, allowing for buying, selling, and trading of digital assets with verifiable provenance. In essence, NFTs provide a way to digitally own and monetize unique items in a secure and transparent manner.