NFT stands for Non-Fungible Token, a revolutionary digital asset that represents ownership of unique items or digital content on the blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are one-of-a-kind and indivisible. This uniqueness makes NFTs ideal for representing ownership of digital art, collectibles, virtual real estate, music, video clips, and more, providing creators and collectors with unprecedented opportunities in the digital realm.