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š¼ļø What Is an NFT?
An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are interchangeable (1 BTC = 1 BTC), each NFT is one-of-a-kind.
š What Makes NFTs āNon-Fungibleā?
- Unique ā Each token has a distinct ID.
- Not interchangeable ā You canāt swap one NFT 1:1 with another like regular money.
- Blockchain-verified ā Ownership is recorded on a public ledger (most commonly Ethereum).