NFT is a digital asset that represents real World objects like art, music and videos.  They are bought and sold online,  frequently with crypto currency.  Thay are since 2014.  NFT are also generally one of a  kind, or at least one of a very limited run and have unique identifying codes.  "Essentially NFTs create digital scarcity.  Hypotheticially cutting  off the supply should raise the value of a given asset, assuming in demand.  For example : it was earlier like NBA games.

A NFT allows the buyer to own the original item.  It contains authentication, which server a proof of ownership.  For example:'' Bitcom or Ethereum.'  Crypto currency are fungible'' they can be traded or exchanged for one another but NFTs are different each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another hence, non fungible.

NFT exists on a block chain which is a distributed public ledger that records transcations.  NFTs are typically held on the Ethereum block chain although other block chains support them as well.  An NFTS is created or minted'' from digital objects that represents both tangible or intangible items, including Art,GIF,Videos, collectibles , Virtual evatars, designer sneakers,even tweet counts.  For example: Jack Dorse sold his first ever tweet as an NFT more than 2.9 million.

This is the new revolutions in our art history to be digitallised.