A non-fungible token is an encrypted smart contract, stored on the blockchain. NFTs are used to verify authenticity or ownership (and history of ownership) of any digital asset but are most commonly used for digital art and graphic design. They can be thought of as digital links or receipts associated with a particular piece of digital art or media file. NFTs live on a blockchain and can be attached to anything — images, videos, tweets. A unique string of encrypted code signifies an NFT as authentic with a secure record of ownership. Once “minted,” the digital object — often a 3D image or animation — can be stored in an owner’s digital wallet and sold at auctions for cryptocurrencies like Bitcoin and Ether. NFTs signify ownership, but the copyright remains with the creators. So while you can reproduce the works endlessly, the owner of the NFT has something that is, at least notionally, unique. The term “NFT design” may be a little misleading. NFT artists and designers don’t exactly design NFTs. They create digital artworks, just as they did before the blockchain existed. Then they mint and sell NFTs that are linked with those pieces of art, acting as a digital record of ownership.
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