Key Terms

Non-Fungible Tokens (NFTs): are unique digital assets that exist on a blockchain. Unlike other digital assets, NFTs are not interchangeable and each token is unique and cannot be replicated. They are used to represent a wide variety of assets, including digital art, collectibles, in-game items, and more. They are also used to tokenize physical assets, such as real estate, cars, and other collectibles. NFTs are becoming increasingly popular, as they provide a secure, transparent, and immutable way to own and trade digital assets.