A non-fungible token (NFT)A non-fungible token (NFT) is a type of cryptographic token that represents a unique asset. NFTs are tokenized versions of... Read More represents a single unique asset as a cryptocurrency tokenTokens and Coins are often erroneously regarded as interchangeable terms. However, while both Tokens and Coins share technical similarity, tokens... Read More. NFTs tokenize digital or real-world assets and function as verifiable proof of authenticityProof of authenticity is a digital record demonstrating that a piece of data is genuine and allowing one to verify... Read More and ownershipEvery transaction and block on a blockchain has an owner. An owner is any entity (person, group, or organization) with... Read More within a blockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More. NFTs are not interchangeable with one another. Their use creates verifiable digital scarcityVerifiable digital scarcity refers to the verification that a good or service is scarce using blockchain technology. With a blockchain,... Read More, making them suitable for representing items such as art, music, real estate, cryptocurrenciesA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by..., or other virtual or physical assets.
See https://www.coingecko.com/en/glossary/non-fungible-tokens
