NFT refers to a Non-fungible token. A non-fungible token is a digital asset that cannot be changed or duplicated. One way to think of these tokens is as a digital equivalent of artwork from a private collection. Each piece of art in the collection is one-of-a-kind and worth a distinct amount. An NFT, like a piece of art, can be sold for cryptocurrency or fiat. However, just like Bitcoin, the token’s asset transfer is recorded in the blockchain. This establishes the ownership of a specific NFT...
