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What are NFT's?

NFT stands for a non-fungible token, which means that hidden in an NFT is a totally unique and non-interchangeable unit of data stored on a digital ledger that uses blockchain technology to establish proof of ownership.

NFTs are collectible digital assets that hold value, just like how physical art holds value, so do NFTs.

NFTs are a lot like cryptocurrencies, like Bitcoin, however, an NFT is completely unique, and it can't be exchanged like-for-like, which is where non-fungible starts to make sense.

Any kind of easily reproduced digital file can be stored as an NFT to identify the original copy, like photography, art, music, videos, tweets, and even memes.

You can make NFTs from almost anything unique that can be stored digitally and holds value. They're like any other collector's item, like a painting or a vintage action figure, but instead of buying a physical item, you're instead paying for a file and proof that you own the original copy.

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