⁠What is a Non-Fungible Token ?

Orange Lightning

NFTs are unique digital certificates stored on a blockchain, verifying ownership of digital or real-world items like art or music, here are some things to know.

1

Unique Digital Identifier

An NFT is like a one-of-a-kind certificate for a digital asset.

2

Blockchain Based

The ownership information is stored on a blockchain, a secure public record.

3

Certifies Ownership

NFTs act as proof that you own a particular digital item.

4

Not Interchangeable

Unlike money, each NFT is unique and irreplaceable.

5

Represent Various Assets

NFTs can represent digital art, music, videos, or real-world items.

6

Bought and Sold

People can buy and sell NFTs using cryptocurrency or regular money.

7

Emerging Technology

NFTs are a relatively new concept, and their value and use cases are still evolving.