An NFT, or non-fungible token, is a unique digital asset that represents ownership of a specific item or piece of content, often using blockchain technology to verify its authenticity and ownership. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged for one another, NFTs are one-of-a-kind and cannot be replicated. This uniqueness makes them ideal for representing digital art, music, collectibles, virtual real estate, and more.
The value of an NFT is determined by various factors, including its rarity, the reputation of the creator, and the demand from collectors. When someone purchases an NFT, they gain ownership of the digital asset, which is record