CRYPTO GLOSSARY · TOKENS

What is NFT?

Non-Fungible Token: unique digital asset.

📖 Full Definition

NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain. Unlike cryptocurrencies, each NFT is one-of-a-kind and cannot be exchanged on a like-for-like basis. NFTs are commonly used for digital art, collectibles, and gaming items.

💡 Example

Beeple's digital artwork "Everydays" sold as an NFT for $69 million in 2021.

🔗 Related Terms

Blockchain

Distributed ledger technology behind cryptocurrencies.

Ethereum

Programmable blockchain for smart contracts.

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