What does NFT stand for?

In the world of cryptocurrency and digital assets, we often hear about a mysterious acronym called 'NFT.' But what does NFT stand for, and what does it truly represent? As a professional practitioner in this field, I'm curious to delve deeper into this fascinating concept. Is it a new form of token? A unique identifier? Or perhaps a revolutionary way to represent ownership in the digital world? I'm eager to understand the significance of NFTs and how they are shaping the future of finance and digital art.