NFT stands for Non-Fungible Token, a unique digital asset created using blockchain technology.
Non-fungible means it is one-of-a-kind and cannot be exchanged on a like-for-like basis with something else.
NFTs are used for items such as digital art, music, videos, and in-game assets, as they provide a certificate of authenticity, allowing ownership and transaction history to be verified.
This feature makes it possible to securely trade digital creations and collectibles.