What is NFT Technology?
Non-Fungible Tokens (NFTs), are a class of digital assets that are not interchangeable. This means that each NFT is unique and different from another. As a type of cryptographic token, NFTs are underpinned by blockchain technology. This makes them traceable across an immutable digital ledger, providing a verifiable history of the assets. NFTs cannot be destroyed, replicated or forged.
In practical terms, NFTs are being utilised in a number of different ways, not just within the crypto community, but increasingly, among some of the worlds largest commercial entities.