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What is NFT (Non-Fungible Token)?
Crypto Glossary Definition
An NFT is a unique piece of data stored on a blockchain. It's a type of cryptographic token that can be bought, sold or transferred. It is often used to verify ownership of an item, such as artwork or any other digital good.
Why NFT (Non-Fungible Token) Matters
Unlike a coin, where every unit is interchangeable, each NFT is unique and traceable to a specific owner on-chain — that's the "non-fungible" part. Beyond digital art and collectibles, the same technology is increasingly used for event tickets, in-game items, and proof of ownership for real-world assets.
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