In simple terms, NFTs are unique digital assets that represent ownership of a particular piece of digital content. They are based on blockchain technology, which means that ownership and provenance of the asset can be easily tracked and verified. Unlike traditional currencies or cryptocurrencies, which are fungible (meaning that one unit is equivalent to another), NFTs are non-fungible, which means that each one is unique and has its own specific value.
Beginner? Read this article: NFTs: A Beginner’s Guide to Non-Fungible Tokens