NFT - Non-Fungible Token

NFTs (Non-Fungible Tokens) are digital certificates that guarantee the authenticity, uniqueness and ownership of a digital object (such as an image, video or song).

Non-fungible tokens are stored on a blockchain and cannot be exchanged or copied.

Basically, an NFT is a digital record stored on a blockchain that associates a specific right, such as ownership or copyright, to an individual, thanks to its non-interchangeability, which means it can provide the unique representation of an asset.

The history of the token, and thus of the non-fungible object, is indelibly recorded in the blockchain, from its creation through all the transactions in which it has been involved. This guarantees its authenticity and means that it can always be traced to an owner. An NFT is thus a way of certifying and proving ownership of the intellectual property rights to any work. In fact, even after transactions in which ownership is transferred, it will always be associated to the work’s creator.