An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain that represents ownership of a specific item, such as digital art, music, videos, virtual real estate, and more. Unlike cryptocurrencies like Bitcoin, NFTs are "non-fungible," meaning they are one-of-a-kind and not interchangeable.
NFTs are unique due to their metadata and token ID, which are stored on the blockchain. This guarantees scarcity and provenance (ownership history), making them different from interchangeable digital assets.
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved
Not necessarily. Buying an NFT typically grants you ownership of the token itself—not the copyright or intellectual property rights—unless explicitly stated by the creator.
NFTs use blockchain technology, which is generally secure. However, scams, phishing attacks, and theft from poorly protected wallets are common. Always use trusted wallets (like MetaMask), enable two-factor authentication, and verify sources.
