A Non-Fungible Token (NFT) is a blockchain-based means of asserting ownership of a unique digital asset. This includes art, music, video game items, sports highlights, memes and GIFs, trading cards and collectibles, virtual fashion, domain names, and other online pop culture items.
The idea and value behind NFTs are that they are created with distinct identifying codes on the blockchain. Every NFT has its own digital signature, making them uniquely digitally identifiable. In addition, the digital signature cannot be replicated, ensuring that the digital asset has a “one-of-a-kind” identity.