What are NFTs and why are they so important? | NFT Explained

“A non-fungible token is a record on a blockchain which is associated with a particular digital or physical asset. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded. Why people buy NFT ? Some bought NFTs to collect digital art, while others”

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An NFT, non-fungible token, is a non-transferable unit of data that can be traded and sold that is held on a blockchain, a type of digital ledger. Digital media such as photographs, videos, and audio may be connected with several types of NFT data units.