Non-Fungible Tokens (NFTs) are digital assets that represent ownership to real-world items. Their role is to transform digital collectables, such as artwork, music, videos and more, into unique and unequaled assets, easily tradable on a blockchain.

Due to the existence of a digital signature, these assets can neither be used as a means for commercial transactions nor be exchanged with other NFTs, since their value can never be equal.

NFTs are traded efficiently online, usually using cryptocurrencies, and due to their inimitable nature they cannot be replicated.