NFT

An NFT (Non-Fungible Token) is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content in digital form.

Unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are non-fungible, meaning each NFT has a distinct value and cannot be exchanged on a one-to-one basis with other tokens. NFTs are typically used to represent digital art, music, virtual real estate, in-game items and other digital or physical assets. They are created using blockchain technology, often adhering to standards like ERC-721 or ERC-1155 which ensure the uniqueness and provenance of the items.


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