A Non-Fungible Token (NFT) is a type of digital asset that represents ownership of a unique item or piece of content on a blockchain. Unlike fungible tokens such as cryptocurrencies, which are interchangeable with one another and have equal value, each NFT is unique and cannot be replicated. NFTs are typically used to represent digital artwork, collectibles, music, videos, and other types of digital assets, allowing creators to monetize their work and establish ownership rights. The ownership of an NFT is recorded on a blockchain, which provides a secure and transparent way to verify ownership and transfer the asset between parties.