Category: NFTs

NFT stands for Non-Fungible Token, which is a unique and indivisible digital asset that represents ownership of a particular item such as art, music, videos, and more. NFTs are stored on a blockchain, which provides an immutable ledger of ownership and verification of authenticity. Unlike other cryptocurrencies such as Bitcoin or Ethereum, NFTs are not interchangeable with other tokens of the same type and each one has its own unique attributes and value. NFTs have gained popularity in recent times as they provide a way for creators and artists to monetize and sell their digital creations in a secure and verifiable manner. They also provide collectors with a way to own and collect one-of-a-kind digital items with scarcity and value.