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.

Each NFT is linked to the original owner’s digital or, in some instances, physical asset. Technically, any digital object can be converted into an NFT. It just depends on the types of NFTs. 

Anyone can turn famous tweets, Facebook posts, Instagram photos, and more into NFTs and sell them — that’s the beauty of NFTs.