What are NFTs?
NFT & Metaverse Deep Dive
The Digital Ownership Revolution
NFTs (Non-Fungible Tokens) are unique digital assets stored on the blockchain. Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs cannot be exchanged 1:1 because each one is one-of-a-kind or part of a limited collection.
🔹 NFTs represent ownership of digital or physical items, such as:
🎨 Digital Art (CryptoPunks, Bored Ape Yacht Club)
🎮 In-Game Items (Axie Infinity, Decentraland Wearables)
📜 Virtual Land (The Sandbox, Otherside)
🎵 Music & Royalties (Kings of Leon, Snoop Dogg NFTs)
🔥 Think of NFTs as digital certificates of authenticity that prove ownership over unique assets.