Non-fungible token (NFT)

First of all what is non fungible?

Fungible tokens aren't precise, they may be equal and dividable and may paintings like currency.

Non-fungible tokens, on the opposite hand, are 100% precise and feature best one owner. They can constitute property starting from collectible objects to actual property in blockchain games

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. 

The ownership of an NFT as defined by the blockchain has no inherent legal meaning, and does not necessarily grant copyright, intellectual property rights, or other legal rights over its associated digital file. 

NFTs can be created by anybody, and require few or no coding skills to create.

NFTs typically contain references to digital files such as photos, videos, and audio. 

Key points:

• NFTs (non-fungible tokens) are specific cryptographic tokens that exist on a blockchain and can't be replicated.
• NFTs can represent real-world items like artwork and real estate.
• NFTs can also function to represent individuals' identities, property rights, and more.