Non-fungible Tokens

Non-fungible tokens (NFTs) are unique digital assets verified using blockchain technology, making them distinct from one another. Unlike cryptocurrencies like Bitcoin, which are interchangeable (fungible), each NFT represents a one-of-a-kind item, such as digital art, music, or collectibles. Ownership and provenance of NFTs are securely tracked on the blockchain, ensuring authenticity. This uniqueness allows creators to monetize their digital works, while buyers gain ownership of items that cannot be replicated, often leading to digital scarcity and value appreciation. NFTs are reshaping the way we think about ownership and creativity in the digital age.