NFT stands for non-fungible token. It is something that only exists in the digital world. It is based on a technology called blockchain, which is also used with digital currency systems known as cryptocurrency.

Blockchain is an online list containing information that can be used and shared within a large network open to the public. The technology permits pieces of information to be checked and stored safely.

An NFT can be attached to a piece of digital artwork or other things existing in digital form. The NFT can be used to provide proof that the pieces are authentic. This is what permits digital artwork to be bought and sold. While anyone can view the work, the buyer has official ownership rights over the objects.