NFT or a non-fungible token is a cryptographically-unique token stored on a distributed ledger technology (DLT) better known as the blockchain. They are non-interchangeable, meaning one NFT cannot be swapped for another and do not carry the same valuation given their uniqueness.

While the sub-sector is only just becoming popular, NFTs are producible as images, arts, videos, and other digital files. These are authentic certificates proving ownership with the ownership permanently imprinted on the blockchain, except when a new party assumes ownership.