NFT

TermTech

An NFT (Non-Fungible Token) is a unique, tamper-proof digital asset whose ownership is recorded on a blockchain.

An NFT (Non-Fungible Token) is a unique, tamper-proof digital asset whose ownership is recorded on a blockchain. Unlike a regular cryptocurrency, each NFT is distinct and not interchangeable with another.

NFTs are defined by standards such as ERC-721 and ERC-1155 on Ethereum. They were first popularised by digital art and collections (CryptoPunks, Bored Ape) before extending to more structural use cases: event tickets, ownership certificates, digital identity, video-game items.

After a speculative bubble in 2021–2022, the market has consolidated around utility-driven use cases.

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Related terms

DeFi

Blockchain

Solid

DAO

Data Lakehouse

Database / DB

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