An NFT, or Non-Fungible Token, is a unique digital asset that represents ownership of a specific item or piece of content, such as art, music, or videos. Unlike cryptocurrencies like Bitcoin or Ethereum, which are interchangeable, each NFT has distinct information that makes it one-of-a-kind. This uniqueness is verified using blockchain technology, ensuring that the ownership and transaction history are secure and transparent.
NFTs have gained popularity in the digital art world, allowing artists to sell their work directly to collectors without intermediaries. Buyers can purchase NFTs through various online marketplaces, and ownership can be transferred easily. This new form of digital ownership has opened up opportunities for creators and collectors alike.