An NFT, or Non-Fungible Token, is a digital asset representing ownership or proof of authenticity of a unique item or piece of content using blockchain technology. Unlike cryptocurrencies, NFTs are not interchangeable, meaning each NFT has a distinct value based on its rarity, utility, and desirability.
NFTs can represent a wide range of unique digital items, including artwork, music, videos, and virtual real estate. They have gained significant popularity in the art world and beyond, providing a new way for creators to monetize their works and for collectors to invest in digital art.
“I view NFTs as a revolutionary way to own and trade digital art, offering unparalleled authenticity and ownership in the digital world.”