Non-fungible token

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An illustration of a non-fungible token (NFT) as a piece of code. This piece of code contains a list of parameters and all files linked to the NFT. These parameters contain important information that identify the NFT.

A non-fungible token (NFT) is a way of proving that a digital item is the only one of its kind in existence. Therefore it cannot be copied or reproduced without the owner's knowledge and consent.[1] They can be thought of as a digital certificate of authenticity. NFTs are bought and sold online. They claim to be digital proof of ownership of a given item. NFTs are securely recorded on a blockchain.[2]

References[change | change source]

  1. "Non-fungible tokens aren't a harmless digital fad – they're a disaster for our planet | Adam Greenfield". the Guardian. 2021-05-29. Retrieved 2021-06-02.
  2. "Where's the Future of NFT Headed?". Retrieved 2021-10-12.