NFTs (Non-Fungible Tokens) are unique digital assets that are stored on a blockchain. They are used to represent ownership of a particular item or piece of content, such as digital art, music, videos, or other forms of creative work.
Each NFT contains a unique digital code that is recorded on a blockchain, which serves as a digital ledger that verifies the ownership and provenance of the asset. This means that NFTs cannot be duplicated or replicated, and their authenticity can be easily verified.
NFTs have gained popularity in recent years due to their potential for creating a new market for digital art and other digital assets, which were previously difficult to monetize. They are also seen as a way to provide creators with more control over their work and the ability to earn revenue from it directly.