• Non-Fungible Tokens are abbreviated as NFTs. They're non-fungible in the sense that they're one-of-a-kind and can't be traded like fungible assets like Bitcoin. Consider how nothing changes when you swap one Bitcoin for another; you still get the same Bitcoin back; yet, this is not the case with NFTs.
• There are no two original copies of each NFT, which is used to designate and verify asset ownership.
• In-game products, films, music, collectibles, virtual assets, and arts are all examples of NFTs. Other variants of NTFs have been deployed on blockchains such as Algorand, Tron, WAX, Tezos, EOS, Solana, Cardano, Binance Smart Chain, and Flow, but they are mostly part of the Ethereum network.

Read More:Can NFTs be copied?