A NFT, or Non-Fungible Token, is a unique digital asset that represents ownership or proof of authenticity of a specific item, piece of content, or artwork using blockchain technology. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are distinct and cannot be exchanged on a like-for-like basis. Each NFT has a verifiable and immutable record of ownership, making it a valuable tool for artists, collectors, and creators in the digital realm.