Non-Fungible Token (NFT)

A non-fungible token, or NFT, is a cryptographic asset stored on a blockchain that cannot be copied and has unique identification data and metadata. Unlike cryptocurrencies, which are interchangeable with one another, NFTs are individually valued and cannot be exchanged on a one-for-one equivalent basis.

An NFT is like a digital item with its own special label that makes it different from every other one. It is not meant to be exactly the same as another NFT.