An NFT, or Non-Fungible Token, functions as a digital representation of ownership for exclusive digital content such as art, music, videos, or collectibles, and it relies on blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs are unique and cannot be directly swapped on a one-to-one basis due to their distinct individual value. NFTs have become increasingly popular for their role in verifying and confirming ownership of digital creations, making them highly desirable among artists and collectors. NFT ownership is securely documented on a decentralized ledger, ensuring the rarity and origin of digital assets, and this has given rise to a market for trading and selling these exceptional tokens.
NFT Creation Complete Video