What does a NFT stand for?

What does NFT stand for? Simply put NFT stands for Non-Fungible Token, which is a one-of-a-kind digital asset that belongs to its owners only. To create an NFT one would have to mint an NFT from a digital asset.

What even is a NFT?

NFT is short for non-fungible token. In simple terms, "non-fungible" means that a particular item is unique and can't be replaced by something else. So a non-fungible token is, essentially, a collectible digital asset you can buy and sell. NFTs are meant to represent a varety of objects in the real world, such as works of art.

Can anything be a NFT?

To my astonishment, NFTs (also known as non-fungible tokens) have captured the imagination of people around the world. NFTs can be made from practically anything digital—songs, Tweets, whatever. Using blockchain technology, NFTs render these infinitely reproducible items—like the song you listen to on Spotify ad infinitum—unique.