NFT

Non-Fungible Token — a unique digital asset stored on a blockchain that represents ownership of digital content.

By Crypto University EditorialLast updated February 25, 2026

BlockchainEthereumDigital Art

✦ Key Insight

NFTs are different from cryptocurrencies because each token is unique and cannot be exchanged 1:1 with another. NFTs are commonly used for digital art, collectibles, gaming items, and virtual real estate. Ownership and provenance are recorded on a blockchain, providing verifiable authenticity.

✕ Common Misconceptions

It is often mistaken for similar sounding terms, but the technical implementation is distinct.

Detailed Explanation

In Practice

“An artist mints a digital painting as an NFT on Ethereum, allowing buyers to prove ownership and trade it on NFT marketplaces like OpenSea.”

Dig Deeper

Token

A token is a digital asset built on top of an existing blockchain rather than having its own independent blockchain.

Blockchain

A blockchain is a decentralized digital ledger that records transactions in blocks, links those blocks together, and makes the record difficult to alter.

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