Non-Fungible Token (NFT)

A non-fungible token (NFT) is a type of blockchain-based digital asset that represents ownership of a unique item or piece of content. Unlike cryptocurrencies, non-fungible tokens are not interchangeable on a one-to-one basis because each token has distinct attributes. NFTs are created and managed using smart contracts, commonly on blockchain networks such as Ethereum. They are used to represent digital art, collectibles, in-game items, music, and other unique assets. Ownership and transfer history are recorded transparently on the blockchain.