what is nfts?

NFTs, or Non-Fungible Tokens, are unique digital assets verified using blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique and cannot be exchanged on a like-for-like basis. This uniqueness makes NFTs ideal for representing ownership of digital art, collectibles, music, and other digital items. Each NFT contains distinct information that makes it irreplaceable, creating new possibilities for digital ownership and monetization.