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NFT”s (or Non-Fungible Tokens) can be a new and novel type of crypto-asset that is just coming to be explored. Though we still don’t know exactly what NFT’s will eventually be used for, we do know they can be built today and deployed right now on Ethereum as smart contracts. So as the technology behind them becomes more understood and better defined, we should expect to see many different creative uses for them.

NFT’s are crypto tokens. They are crypto because they are secured by cryptography. And they are token because they represent ownership of something.
NFT’s are the native tokens on the Ethereum blockchain. Ethereum is a platform that allows anyone to create NFT’s, and smart contracts which can be bound to them. NFT’s can represent real world assets like cars, houses, or gold bars. They can also represent intellectual property like copyrights or patents, or special privileges like the right to vote in an election.

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