What is NFT (Non-fungible Token)?

Non-fungible token, NFT, is actually a special type of cryptographic token. The uniqueness of NFTs made them quickly popular. For example, paintings or sculptures, traditional works of art are valuable. Because they are unique because they are one of a kind.

Today, in addition to traditional art, digital artworks created with computers and tablets have become very important. To tokenise these designs and build them on the blockchain is to present them to the gallery of the digital age. Since these tokens cannot be exchanged for any other token, each NFT is very special and valuable.

On the other hand, ERC-20 tokens are inherently fungible. Namely, an ERC-20 token is a type of token that can be used for a service or application. For this reason, ERC-20 tokens can be exchanged within their own network.

Finally, Non-fungible tokens can be stored on computers, cloud storage and digital files. You can easily and infinitely reproduce, print or share NFT artefacts on social media platforms.