NFTs (non-fungible tokens) are digital assets that are stored and tracked on a blockchain. They are unique and cannot be exchanged for other assets on a one-to-one basis, like traditional currency.
NFTs are often used to represent ownership of digital assets such as art, music, game, fashion, ticketing, metaverse, Ai art, hologram, domain name, collectibles, videos, virtual real estate. and other types of media. They can also be used to represent physical assets, such as real estate or collectibles, or to represent in-game items or other virtual goods.
One key aspect of NFTs is that they use blockchain technology, which allows them to be stored and tracked in a decentralized and secure manner. This means that NFTs can be bought and sold without the need for a central authority, and the ownership and provenance of an NFT can be verifiably tracked.
Overall, NFTs provide a way to authenticate and track ownership of digital assets in a secure and decentralized manner, which has the potential to greatly impact the way that digital assets are valued and exchanged.