NFTs are a type of digital asset that represent ownership or proof of authenticity of a unique item or piece of content, such as digital art, music, videos, virtual real estate, and even tweets.
Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are indivisible and cannot be replicated or exchanged on a like-for-like basis.
Each NFT is stored on a blockchain, which serves as a decentralized ledger that records transactions and ownership details in a transparent and immutable manner.
NFTs enable creators to tokenize their work, allowing them to sell and distribute digital assets directly to buyers without the need for intermediaries like galleries or auction houses.
