(Non-Fungible Token)NFT

Non-homogenized tokens (NFTs) are cryptographic assets on the blockchain with unique identifiers and metadata that distinguish them from each other.

Unlike cryptocurrencies, they cannot be traded or exchanged at equivalent prices. This is in contrast to fungible tokens such as cryptocurrencies, which are identical to each other and can therefore be used as a medium for commercial transactions.

NFTs change the crypto paradigm by making each token unique and irreplaceable, so that one irreplaceable token cannot be identical to another. They are digital representations of assets and are likened to digital passports, as each token contains a unique, non-transferable identity to distinguish it from other tokens. They are also scalable, which means you can combine one NFT with another to "grow" a third unique NFT.

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