Non-Fungible Tokens are cryptographic tokens that generate value because of their uniqueness

Owning an NFT is like owning an original art or a collectable antique

For e.g., Twitter CEO Jack Dorsey bid his first-ever tweet as an NFT, & the highest bid for the tweet is currently $2.5 mn

NFTs contain distinguishing information that makes them distinct from others and easily verifiable

Unlike money or cryptocurrencies, NFTs non-interchangeable assets

No NFTs are identical if they exist on the same platform, game or in the same collection

NFTs cannot get divided into smaller denominations

NFT tokens are generally built using one of two Ethereum token standards

NFT and its ownership data are stored on a secure distributed database called 'Blockchain'

The original creator of NFT can also be traced via blockchain's ownership data

Since November 2017, $174 million of real money have been spent on NFTs

Gamers can create, monetize structures & sell individual digital items they procure for real money during gameplay

Artists get great profits when their artworks are sold directly to global buyers without an auction house