NFT stands for Non-Fungible Token. That is, these whimsical works of art hide unique, non-exchangeable units of data stored in digital ledgers that use blockchain technology to provide proof of ownership. Basically, it uses the same or similar technology used for cryptocurrencies such as Bitcoin and Ether to guarantee the uniqueness of each NFT and prove who owns it.
Unlike a unit of bitcoin, however, every NFT is absolutely unique, so it can`t be exchanged like-for-like. The document shops greater records that elevates it above natural forex and brings it into the world of, well, anything, really. As a result, NFTs have come to be collectable virtual belongings that preserve value, much like how bodily artwork holds value.
You can save any kind of digital file that you can easily reproduce as an NFT to identify the original copy. The NFTs you are most likely to see and read are usually created from wacky future motion artwork. NFTs can be created from any type of photo, art, music, or video file. Even tweets and memes are NFTs. Basically, it can be stored digitally and you can create an NFT from almost anything unique of value. They are exactly like other collectable items such as paintings and vintage action figures, but instead of buying physical items, you pay for proof that you own the files and the original.