Simple answer: NFT’s can transform digital work into an asset that can be tracked on a blockchain similar to cryptocurrencies.
NFT’s can be thought of as certificates of ownership for virtual or physical assets. This can help content creators to further monetize their intellectual property.
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Definition of NFT
A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset (token) to be unique and not interchangeable.
NFTs can be used to tokenise items such as photos, videos and audio.
This digital storage of ownership helps content creators to leverage digital intellectual property, or can help in the prevention or detection of counterfeiting.
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