What is SNFT?

Could you elaborate on the concept of SNFT? I've heard it mentioned in relation to digital assets and blockchain technology, but I'm not entirely clear on what it stands for and how it differs from other types of tokens. Specifically, I'm curious about its use cases, potential benefits, and the technology behind it. Is it a new form of digital art ownership? A way to tokenize real-world assets? Or does it have broader applications in the cryptocurrency and finance landscape? I'd appreciate a concise yet comprehensive explanation to help me understand the essence of SNFT.