A Non-Fungible Token (NFT) is a unique digital asset that represents ownership or proof of authenticity for a specific item, often using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are identical and can be exchanged on a one-for-one basis, NFTs are distinctive and cannot be replaced or exchanged on a like-for-like basis.NFTs are commonly used for digital art, collectibles, music, virtual real estate, and gaming items. Each NFT carries specific information and characteristics that make it unique, such as metadata, ownership history, and provenance. This uniqueness often enhances its value, as collectors seek rare or culturally significant items.The ownership and transfer of NFTs are tracked on a blockchain, providing transparency and security. Even though the digital item can be copied or shared, the NFT signifies true ownership, which is verifiable. This innovation has transformed how artists and creators monetize their work, enabling new forms of engagement and commerce in the digital space.