Non-Fungible Tokens(NFTs) are Ethereum tokens with unique contract values that can not be interchanged or used as a medium of exchange. These are individual virtual or physical assets that are tokenized with the sole purpose of preserving ownership rights. NFTs are indivisible, unique, and limited in supply!
NFTs are one-of-a-kind digital or physical assets that are immutable and not interchangeable. NFTs can be completely owned only by a single person or authority at a time. These tokens are built with ERC-721 token standards. Let’s dive into the basic token variation of FTs and NFTs to get a clear perspective!