NFT (Non-Fungible Token)
Also known as: Non-Fungible Token, Digital Collectible, Crypto Collectible, Blockchain Collectible
NFTs are unique digital assets stored on a blockchain that prove ownership of a specific digital or physical item.
An NFT (non-fungible token) is a unique digital asset stored on a blockchain that proves ownership and authenticity of a specific item—whether it's digital art, music, videos, or in-game content.
Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs are non-interchangeable and hold individual value. They introduce scarcity to the digital world by assigning ownership to otherwise easily copyable files.
Most NFTs follow the ERC-721 or ERC-1155 standards on the Ethereum blockchain, but other blockchains like Solana and Polygon also support them.
NFTs have become central in digital art, collectibles, and Web3 gaming, with marketplaces like OpenSea enabling global trade of these one-of-a-kind assets.