Unlike a bitcoin, which is interchangeable with any other, each NFT is one of a kind, which is what "non-fungible" means. That uniqueness lets NFTs act as verifiable certificates of ownership.
NFT values are highly speculative and can fall sharply, or to nothing, so they carry the same risk warnings as the rest of crypto.
Key takeaways
- An NFT is a one-of-a-kind token representing ownership of a specific item.
- Being non-fungible means it is not interchangeable like a normal coin.
- Values are highly speculative, and owning one rarely grants copyright.
NFT — часто задаваемые вопросы
If I buy an NFT do I own the art?
Usually you own a token that points to the item, not the underlying copyright, which often stays with the creator.
Why are NFTs controversial?
Prices are extremely speculative and many have collapsed, so they carry a serious risk of loss.
This definition is educational and not financial advice. Crypto is volatile and high-risk — always do your own research.
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