It is a new way of investing in art or digital assets such as GIFs or tweets.

What does nft mean in art. Unique - It cannot be forged or otherwise manipulated. The idea behind NFTs is straightforward they are tokens or certificates of authenticity and they can be applied to just about anything under the sun real-world items like real-estate cars designer sneakers art as well as virtual items like music videos virtual land in-game currency and items and well more art. NFT is a short-form for Non-Fungible Token.

But instead of a sheet of paper its a unique string of characters. In simple words NFT is a unique token that cannot be replaced with something. NFTs Non-Fungible Tokens are one-of-a-kind tokens that represent a unique good or asset like digital art.

Tokenizing something with an NFT associates the token with the asset irrevocably and the two can be bought and sold as one. First lets define what a few terms. In short NFT art works by creating unique tokens and then attaching artwork to it either by linking the art to the token or storing the art.

An NFT can represent digital files such as art audio videos GIFs items in video games and other forms of creative work like Tweets. A unit that is totally unique as a digital asset registered or certified. NFT stands for non-fungible token.

What is NFT art. Photographs videos gifs audio and really any digital file can be represented as an NFT. The NFT crazewhich erupted with the 693 million sale of the artist Beeples Everydays.

NFTs are unique data points on a blockchain that cant be tampered with or replicated. And after Christies auction. New York CNN Business Non-fungible tokens or NFTs are the latest cryptocurrency phenomenon to go mainstream.