# WHAT ARE NFTS?

By [web3gold](https://paragraph.com/@web3gold) · 2024-01-18

---

                                  NFTs stand for "**NON-FUNGIBLE TOKENS.**" 
    

NFTs are digital assets that represents ownership of a unique, one-of-a-kind item. These items can be digital art, music, videos, or other types of digital assets.

Unlike other digital assets, NFTs are not interchangeable - each one is unique and has its own digital identity.

NFTs are stored on the blockchain, and they can be bought and sold on specialized NFT marketplaces.

---

*Originally published on [web3gold](https://paragraph.com/@web3gold/what-are-nfts)*