A NFT (non-fungible token) is data added to a file that creates a unique signature. It can be an image file, a song, a tweet, a text posted on a website, a physical item, and various other digital formats.
This basically means that someone can own a digital file (and that it’s marked with code to differentiate it from any digital replicas).
Collectible digital items
- Value changes based on what other people are willing to pay
- Security feature: unique data added to a digital work
- You can buy, sell, trade, or give NFTs to anyone online, but a network of computers must verify the trade and the unique data
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