Introduction
In the digital age, the way we perceive, transfer, and assign value to assets is undergoing a dramatic transformation. One of the most significant innovations driving this shift is the Non-Fungible Token (NFT) — a type of cryptographic asset that represents ownership of a unique item or piece of content on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible (interchangeable and uniform in value), NFTs are non-fungible, meaning each token is unique and cannot be exchanged on a one-to-one basis with another NFT. While NFTs initially gained attention for digital art and collectibles, their potential are more expansive. This article explores the underlying technology behind NFTs and how they can enhance various types of transactions.
What is an NFT?