NFT stands for Non-Fungible Tokens or, what would be the same thing, a “non-fungible asset”. That is, a type of asset that cannot be modified, that is unique. For example, a work of art. A unique painting by Picasso in which there may be many copies, but there is only one that is the original. NFTs are digital assets. The same as above, but in digital format. The same collection you had forty years ago, but in digital format: stamps, works of art, unique trading cards. But instead of having them in an album, you have them stored digitally. You don’t have them in your house, exposed. They are not kept in a drawer or locked.
Unique non-tangible works: This is how you could understand each of the NFTs: inimitable files that can be bought and sold like any other type of property you own and that no one else can have. What is the difference between these NFTs and any other collector’s item? They are not tangible, as we have said. That is, they don’t exist as such, you can’t touch them or keep them in a drawer, they don’t have a shape. They are digital.
You can have a work of art that is only a file on your computer and that you cannot take with you, but with a digital certificate that proves that it is ours, that proves its validity and exclusivity. Due to their similarity with these unique works of art they have been considered as digital and unique pieces of art. . And everyone talks about them. If you buy one, it will only be yours, it cannot belong to anyone else, and if someone wants to use it for commercial purposes or for something, they will have to pay you for it if you offer this possibility.