NFT stands for Non-Fungible Token — a digital certificate recorded on the blockchain that verifies the ownership and authenticity of a digital artwork.
An NFT is not the artwork itself but its unique certificate — similar to a notarial deed in the art world. It allows collectors and artists to trade digital works in a transparent and traceable way.
NFTs have introduced an efficient and coherent answer to the key principles of collecting and the art market: ownership - provenance and authenticity. For the first time the digital art world has a clear and functional solution for managing intangible assets like videos - images and multimedia works.