Non-Fungible Tokens

NFT, short for Non-Fungible Tokens, are unique digital assets that are verified on a blockchain network. They can represent anything from art, music, videos, to even tweets. Unlike traditional cryptocurrencies such as Bitcoin, each NFT is one-of-a-kind and cannot be replicated or exchanged on a one-to-one basis. The value of NFTs is derived from their scarcity and uniqueness. Just like how a rare piece of art can fetch millions of dollars at an auction, NFTs can also command high prices based on their rarity and demand. For example, a digital…