NFTs

NFTs (Non-Fungible Tokens) are unique cryptographic tokens on a blockchain, certifying verifiable digital ownership of assets like art, music, or collectibles.

NFTs are digital certificates of authenticity: a distinct class of assets secured on a distributed ledger, typically the Ethereum blockchain. Unlike fungible cryptocurrencies (e.g., Bitcoin), each NFT is unique, representing singular ownership of a specific digital or real-world item. This mechanism allows creators to tokenize their work, from the $11.7 million CryptoPunk #5822 to a Bored Ape Yacht Club avatar, enabling new monetization models like coded-in royalties. The technology establishes verifiable digital scarcity, transforming how value and intellectual property are managed in the digital economy.

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