NFT
A NFT (Non-Fungible Token) is a unique digital asset stored on the blockchain that represents ownership of something, often art of collectibles.
Quick Reference:
Unique Token. One of a Kind. Art, Music and Gaming. Verified Ownership.
Expanded Explanation:
Unlike cryptocurrencies like Bitcoin, which are interchangeable, NFTs are individually unique. Each NFT has a digital certificate of ownership recorded on the blockchain. This makes them popular for digital art, music, in game assets and collectibles. NFTs became a cultural phenomenon in 2021, with some selling for millions at the time. While controversial, they demonstrate how blockchain can be used beyong money.