Non-Fungible Token (NFT): A unique, digital certificate of ownership for a specific item or asset, recorded on a blockchain. NFTs differ from cryptocurrencies in their non-fungibility, meaning each NFT has a distinct value and cannot be exchanged on a one-to-one basis with another NFT. They can represent a wide range of digital (or tokenized physical) assets, including art, collectibles, music, videos, and more.

The blockchain technology underlying NFTs provides a transparent, immutable ledger, ensuring the authenticity, provenance, and exclusive ownership of each asset. This innovation has opened new opportunities for creators to monetize their works, leading to a booming market for digital art and collectibles.

“Finally got my hands on that limited edition NFT I’ve been eyeing. Owning a piece of digital history feels surreal—like a blend of art collection and tech innovation.”