A “Non-fungible token” (non = not, fungible
= interchangeable, token = voucher). NFTs
are distinct, easily verifiable digital assets that can represent items from virtual real estate to cherished moments in NBA history.
In other words, owning an NFT is owning a piece of the internet. Some examples:
“Nyan Cat,” the decade-old rainbow cat
meme, sold for about $580,000 last week.