What is an NFT (nonfungible token)?

What is an NFT? NFT stands for “nonfungible token,” which, according to Investopedia, are “assets on blockchain with unique identification codes and metadata that distinguish them from each other.” The keyword in that definition is "unique."

What is NFT & how does it work?

In many NFT sales, what the buyer gets is simply the unique entry in the blockchain database that identifies them as the owner of the digital good — the token, rather than the thing the token represents.

Are NFTS interoperable?

While true interoperability is still slightly out of reach, ideally, NFTs will be able to be used across different platforms and virtual worlds within the metaverse in the future, allowing users to bring their digital items with them as they navigate between various experiences.

What is the NFT Bay?

So someone created this site called The NFT Bay as a sort of art project, where they put up a torrent pointing to a 19TB ZIP file, which they said included every NFT on the Ethereum and Solana blockchains.