A non-fungible token (NFT) is a unique digital asset that represents ownership of a specific item, artwork, or piece of content on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are identical and can be exchanged one-for-one, each NFT has distinct properties and cannot be exchanged on a like-for-like basis.For example, consider digital artwork. An artist can create a piece of art and sell it as an NFT. Buyers can purchase this NFT to own the original digital version, which is verified on the blockchain. This ownership proves authenticity and scarcity, meaning even if others make copies of the work, the NFT holder owns the original.NFTs have gained popularity in various fields, including art, music, gaming, and virtual real estate. They enable creators to monetize their work directly while providing collectors a way to invest in and showcase unique items. Each NFT represents not just ownership but also the emotional and financial value that people place on the specific asset it embodies.