What are Nfts?
NFT is the acronym for non-fungible token which means non-copyable token, i.e. something unique that cannot be replaced by anything else. A cryptocurrency can be exchanged for another cryptocurrency while a work of art is unique and therefore non-fungible.
What are NFTs for?
NFTs are used to buy or sell digital assets, these digital assets generally are: images, videos, GIFs, tweets, songs, movies, virtual playing cards, game skins, virtual real estate, etc.
NFTs provide a secure certificate of ownership on a digital object, protecting the value of the object