An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain that represents ownership of items like digital art, music, videos, gaming items, or collectibles.
NFT characteristics: Each token is unique and not interchangeable, ownership recorded on blockchain, can include royalties for creators, and metadata points to digital content.
NFT use cases include digital art and collectibles, gaming assets, music and entertainment, virtual real estate, and identity and credentials.
NFT marketplaces: OpenSea (largest), Blur (trader-focused), Magic Eden (Solana), Foundation (curated art), and Rarible (community-owned).