What are NFTs

A NFT is a Non-Fungible Token.

It is a unique, non-interchangeable digital asset or a digital ownership if you will.

While exchanging fungible tokens, such as $ETH or $AVAX, will allow you to exchange one similar token to another, NFTs provide notion of traceability.

The difference between fungible and non-fungible tokens is that even though you can exchange 1 NFT for another 1 NFT, they will keep their specific parameters and be traceable.

Identifications such as the author's name, creation date, description or any other attribute guarantee high traceability.

The creator can also earn royalties from his NFT.

It allows artists to sell their works through a secure system and users to buy certified artworks.

Digital art or collectibles are common examples.

NFTs can be used to represent objects such as photos, videos, music and other types of digital files such as tickets.

They allow you to access the original file.