What is NFT (Non-Fungible Token)?
An NFT is a unique, non-fungible digital asset used to document ownership of digital or physical items on the blockchain. It has a unique value that cannot be replaced by a similar asset, and is used in areas such as digital art, gaming, collectibles, and virtual real estate.
Common uses:
Documenting ownership of digital art and music. Buying and selling gaming assets. Owning virtual real estate.
Collecting digital collectibles such as trading cards.
Advantages:
Transparency thanks to blockchain. Great investment opportunities. Intellectual property protection.
Challenges:
Price volatility. Risk of fraud. Environmental impact of some networks.
Popular examples: CryptoPunks and Bored Ape Yacht Club. NFT is a technology that redefines the concept of digital ownership in innovative ways.