Technology
What is An NFT?
An NFT (Non-Fungible Token) is a unique digital certificate of ownership recorded on a blockchain. Unlike a coin that can be swapped for an identical one, each NFT is one-of-a-kind — used to prove ownership of digital art, collectibles, and more.
See it, don’t just read it.
Watch a 2-minute lesson with voice + animation that explains an nft.
Key things to understand
- 1NFT stands for Non-Fungible Token.
- 2It's a unique ownership record on a blockchain.
- 3Each one is distinct, unlike interchangeable coins.
- 4It's used for digital art, collectibles, and items.
Frequently asked questions
- What is an NFT?
- A unique digital token on a blockchain that proves ownership of a specific item, like digital art.
- What does 'non-fungible' mean?
- Non-interchangeable — each NFT is unique, unlike a dollar or bitcoin that's identical to another.
- What can NFTs be used for?
- Proving ownership of digital art, collectibles, game items, music, and even event tickets.