But what does that even mean exactly.

What is an nft. Digital assets known as non-fungible tokens or NFTs are the latest red hot investment drawing millions of. Gif Art Videos and Sports Highlights Collectibles Virtual Avatars and Video game skins Designer Sneakers Music. Non-fungible means its irreplaceable unique.

An NFT stands for a non-fungible token. And why are people suddenly spending millions on them. It represents many unique digital assets from collectors items to virtual shoes from virtual game content to digital properties.

Weve seen a major trend towards collecting and displaying these from profile pictures to. An NFT can represent anything such as a tweet a photograph an artwork or a physical asset. Non-Fungible Token NFT in its shortest definition is a unique digital asset.

Theyre strictly digital assets made up of unique lines of code that are stored on something called the blockchain which is like an immutable digital ledger or a receipt written in stone. A non-fungible token NFT is a digital collectible asset that proves authenticity and digital ownership using a blockchain. An artwork an article music or even a meme such as Disaster Girl the original photo of which sold for 500k earlier this year.

Items or digital assets that are minted by NFT includes. Its like a super special ultra rare Pokémon card. Its part of growing interest in digital assets known as nonfungible tokens or NFTs that are generating millions of dollars in.

An NFT is a digital asset that exists completely in the digital universeyou cant touch it but you can own it. An NFT can be any type of digital file. Unlike NFTs those assets are.