Non-fungible Tokens (NFTs)

Non-fungible tokens (NFTs) are unique, non-interchangeable cryptographic assets stored on a blockchain. NFTs are non-fungible in nature, as fungible tokens such as cryptocurrencies are able to be used as a medium of exchange, whereas NFTs cannot be traded or exchanged at equivalency. NFTs represent real-world items such as videos, music, artwork, real estate or even big sporting moments, that are cryptographically unique and cannot be replicated. Representing an individuals’ property rights, identity and more, they can be bought, sold and traded.