Non-Fungible Assets

A non-fungible asset is an asset that is unique and cannot be exchanged for another asset of the same type. Non-fungible assets can be physical or digital. A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided.

NFTs are typically used to represent digital art, music, videos, and other creative works. They are created using smart contracts on a blockchain, which allows for the ownership and authenticity of the digital asset to be verified. NFTs can be bought and sold like other assets, and their value is determined by supply and demand.