Category: NFTs

A non-fungible token (NFT) is a digital asset representing ownership of a unique item or asset. NFTs are built on blockchain technology, which allows them to be bought, sold, and traded like other cryptocurrencies, but they have some key differences. Unlike other cryptocurrencies, which are interchangeable and identical, NFTs are unique and cannot be exchanged for other tokens on a one-to-one basis. This makes them useful for representing ownership of digital art, collectibles, and other one-of-a-kind items. NFTs have gained popularity in recent years as a way for artists, musicians, and other creators to sell digital works and for collectors to own rare and valuable items in the digital world.