What is an NFT?

Nft is short for "non-fungible token." Nft tokens represent virtual assets, like collectibles, that are unique and have value.
Nfts are a lot like the baseball cards of the digital era. They are used to prove the authenticity of digital items and provide evidence that you own them. The best example of nfts is CryptoKitties.
Nft tokens provide a way to verify the authenticity of virtual items and assert ownership over them. The system can be as simple as linking ownership of a physical item with an online version or it could be more complex, where there's a shared ledger system between two or more parties to verify transferable assets digitally or physically without any middleman involvement.