A Non-Fungible Token (NFT) is a unique digital asset verified using blockchain technology. Unlike regular cryptocurrencies (where one Bitcoin equals another Bitcoin), each NFT is unique. NFTs represent ownership of digital art, collectibles, music, or virtual real estate. The NFT market peaked in 2021–2022 before declining significantly.
Related Terms
A blockchain is a decentralised, distributed digital ledger that records transactions across a netwo...
Bitcoin is the world's first and largest cryptocurrency, created in 2009 by the pseudonymous Satoshi...
Ethereum is the second-largest cryptocurrency by market cap. Unlike Bitcoin, Ethereum is a programma...
An altcoin is any cryptocurrency other than Bitcoin. The term comes from 'alternative coin.' Altcoin...
Market Navigator Glossary — plain-English definitions of 93+ investing and crypto terms. All content is for educational purposes only and does not constitute financial advice.