NFTs, Web3 & Metaverse

Non-Fungible Token (NFT)

Also: NFT, NFTs

A unique token on a blockchain that proves ownership of a particular item, such as artwork, a collectible, or a ticket. "Non-fungible" means each one is distinct, unlike dollars or bitcoin, where any unit is interchangeable. Owning one does not by itself give you the copyright to the underlying work.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.