NFT (Non-Fungible Token) - Crypto Glossary

Definition

A non-fungible token (NFT) is a type of digital asset that represents ownership of a unique item or piece of content, such as art, music, or videos, using blockchain technology.

Context

NFTs are typically one of a kind, or at least one of a very limited run, and have unique identifying codes. This uniqueness and scarcity lead to their value. Notable platforms for NFTs include OpenSea and Rarible.