What are NFTs?
NFT’s stand for “Non-Fungible Tokens”. “Non-Fungible” basically means that these items cannot be replicated or replaced with something else; it can be anything in digital form, from art, animated GIF, a song, music videos, digital avatars or avatar skins, or video games. NFT’s can also be “one-of-a-kind” (like the Mona Lisa painting hanging in the Louvre) or a copy of many (like collectible baseball cards).
The unique selling point of NFTs is that NFTs uses blockchain technology, mostly the Ethereum blockchain, to establish proof of ownership through a public digital ledger, so that ownership is transparent and secure.