What is NFT (Non-Fungible Token)?

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A **Non-Fungible Token (NFT)** is a unique, non-interchangeable unit of data stored on a blockchain, which cryptographically proves ownership of a specific digital or physical asset. Unlike cryptocurrencies like Bitcoin, which are fungible and can be exchanged on a one-to-one basis, each NFT possesses distinct properties and metadata that make it one-of-a-kind.

NFT (Non-Fungible Token)

What is NFT (Non-Fungible Token)?

What is the core technology behind NFTs, and how does it ensure unique ownership and provenance?

How have NFTs revolutionized digital art and collectibles, and what are some notable examples of their market impact?

In what ways are NFTs being integrated into the Decentralized Finance (DeFi) ecosystem for utility and liquidity?

What are the primary challenges and risks currently facing the NFT market, including regulatory and environmental concerns?

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