NFTs (Non-Fungible Tokens) are non-exchangeable tokens.
What is an NFT?
Non-fungible tokens (NFTs) are a special token variant in the crypto world. Each individual token is based on a sequence or chain of characters that can neither be copied nor exchanged. In contrast, there are coins like Bitcoin or Ethereum.
Protected assets of this kind are becoming increasingly popular in the cryptocurrency sector.
You can find detailed information about what an NFT is, along with examples, in our article NFT Basics.