NFT

An NFT, or non-fungible token, is a unique crypto token recorded on a blockchain. Unlike a cryptocurrency such as bitcoin or ether, where each unit is interchangeable with any other unit, each NFT has its own identifier and metadata. That uniqueness lets it represent a specific asset, such as digital art, a game item, a music file, a membership pass, or a claim linked to a physical collectible.

NFTs matter because they make digital ownership easier to verify, transfer, and build into apps. In gaming, an NFT might represent a character skin or weapon that a player can hold in their own wallet and potentially trade on compatible marketplaces. Owning an NFT does not always mean owning copyright or full commercial rights to the underlying work; the rights depend on the project’s terms. A practical comparison is a signed trading card: the card is distinct and collectible, but its value and rights come from authenticity, demand, and the rules around it.