What are NFTs?
Non-Fungible Token; a unique digital asset verified using blockchain technology.
Key details
- Unique
- Each NFT has distinct information that sets it apart from any other NFT.
- Indivisible
- NFTs cannot be divided into smaller denominations.
- Provable Scarcity
- The blockchain verifies the rarity and ownership of NFTs.
- Programmable
- NFTs can include complex functionalities through smart contracts.
- Interoperable
- NFTs can often be used across various platforms and applications.
Examples
- 01Digital art pieces sold as NFTs, like Beeple's $69 million artwork.
- 02Virtual real estate in blockchain-based games like Decentraland.
- 03Collectible sports moments, such as NBA Top Shot highlights.