Gift Economy

What Is an NFT

What Is an NFT — Gift Economy

An NFT, or Non-Fungible Token, is a unique digital identifier recorded on a blockchain that certifies ownership and authenticity of digital assets, such as artw

Overview

An NFT, or Non-Fungible Token, is a unique digital identifier recorded on a blockchain that certifies ownership and authenticity of digital assets, such as artworks, photos, videos, and audio. Platforms like OpenSea and Rarible facilitate the creation, sale, and trade of NFTs. NFTs can be used in a wide range of applications, from digital identity to supply chain management.