An NFT (Non-Fungible Token) is a unique digital item that represents ownership or proof of authenticity for things like artwork, music, videos, or virtual items in games.
Unlike cryptocurrencies such as Bitcoin, which are fungible (one Bitcoin is the same as another), NFTs are non-fungible, meaning each one is one-of-a-kind or part of a limited series. They’re stored on a blockchain, which ensures their authenticity and security.
For example, when you buy an NFT, you’re not just purchasing a digital file—you're buying the ownership of that specific, unique item. Even though others can view or share the same image, only the NFT holder has official ownership.
Unlike cryptocurrencies such as Bitcoin, which are fungible (one Bitcoin is the same as another), NFTs are non-fungible, meaning each one is one-of-a-kind or part of a limited series. They’re stored on a blockchain, which ensures their authenticity and security.
For example, when you buy an NFT, you’re not just purchasing a digital file—you're buying the ownership of that specific, unique item. Even though others can view or share the same image, only the NFT holder has official ownership.