Chances are that you've heard someone use the term NFT lately.
NFT stands for non-fungible token meaning the token is one of a kind. It's a way to prove the authenticity and originality of a digital asset such as an audio file, video, photos, or more. For example, an image or gif on the internet is copied and duplicated millions of times, so if you tried to prove you owned the original file, how could you?
Before NFTs, it was extremely difficult and nearly impossible to place a monetary value on internet images or gifs such as Nyan Cat.
NFTs are currently all the rage as investments, in some ways similar to works of art, but for the digital world. Many are feeling the NFT craze from average investors to celebrities.
Explore the NFT marketplace here.