# Non-Fungible Token (NFT) Content type: Glossary Term Summary: A unique digital token that represents ownership of a specific asset. Unlike fungible tokens (where each unit is identical), NFTs are distinct and non-interchangeable. NFTs are commonly used for digital art, collectibles, game items, and representations of real-world assets. Related resources: - Decentralized Autonomous Organization (DAO) (Glossary Term): https://theblockchainlibrary.com/glossary/dao - Web3 (Glossary Term): https://theblockchainlibrary.com/glossary/web3 - Why Web3 Adoption Doesn’t Pause During Bear Markets (Article): https://theblockchainlibrary.com/article/why-web3-adoption-doesnt-pause-during-bear-markets - Why Web3 Failed Early — And Why It’s Working Now (Article): https://theblockchainlibrary.com/article/why-web3-failed-early-and-why-its-working-now - What Web3 Looks Like Without Speculation (And Why That’s a Good Thing) (Article): https://theblockchainlibrary.com/article/what-web3-looks-like-without-speculation-and-why-thats-a-good-thing - The Quiet Rise of Embedded Web3 (Article): https://theblockchainlibrary.com/article/the-quiet-rise-of-embedded-web3
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Non-Fungible Token (NFT)

A unique digital token that represents ownership of a specific asset. Unlike fungible tokens (where each unit is identical), NFTs are distinct and non-interchangeable. NFTs are commonly used for digital art, collectibles, game items, and representations of real-world assets.

Examples

  • An NFT can represent ownership of a specific piece of digital art.
  • In a blockchain game, each unique item can be an NFT owned by the player.

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