An NFT, or non-fungible token, is a type of digital asset that represents ownership of a unique item or piece of content. They are stored on a blockchain, which is a decentralized and secure way of keeping track of digital transactions.
Unlike other digital assets, such as cryptocurrency, NFTs cannot be exchanged for an equal value, as they represent something one-of-a-kind. Some examples of things that can be represented as NFTs include artwork, music, videos, and even tweets. Owners of an NFT are able to access additional utilities provided by the NFT project.