
NFT is a non-replaceable and unique unit of data that is stored on the blockchain in a digital ledger. A non-fungible token is a crypto asset that is indivisible and unique. Each NFT is a unique digital asset that can be bought and sold in an open marketplace. NFTs can be also used as a digitalized version of your collectibles which you can hold or transfer.
In simple terms, Non-Fungible Tokens or NFTs are crypto tokens that are unique. It allows you to buy or sell ownership of unique items and keep track of the owner using blockchain technology. If you see a digital painting, one can just right-click and save the work on their computer. One can even sell it to others because the owner of such works cannot be tracked in the digital world.
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