Understanding NFT (Non-fungible token) & $13B Marketplace

NFTs, or non-fungible tokens, are unique digital assets that establish ownership of items like art, music, or collectibles in a rapidly growing marketplace. Much like owning an original artwork, NFTs give value to digital creations by making them one-of-a-kind and verifiable.

“Non-fungible” means digital data that is unique and can’t be replaced with something else. NFTs are designed to give you something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print. But only one person can own the original.
NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.
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