NFT (Non-Fungible Token)
A unique cryptographic token on a blockchain representing provable ownership of a specific digital or physical asset.
In-Depth Explanation
Unlike fungible coins where every unit is identical, each NFT has a distinct token ID and metadata distinguishing it from all others.
Practical Market Example
Real-World Application
A digital art piece or on-chain domain name minted under the ERC-721 token standard.