What is an NFT?

NFTS stands for non-fungible tokens, cryptographic tokens which are used to represent assets such as art, property rights, collectibles, and, in some cases, real estate on the blockchain. NFTs are digital and non-fungible. That means that they possess unique attributes that can neither be copied nor interchanged for another. All NFTs are 1 of 1, with the proof of this attached to the unique metadata the NFT carries.
NFTs have numerous areas of applications that can directly influence our everyday lives.
NFTs are smart contracts that were first created on the Ethereum blockchain and have grown in popularity over the last few years due to their unique nature and the possibilities they open up. NFTs, which have created a multibillion-dollar industry, will undoubtedly play a significant role in shaping our digital future.