What is NFT?

What is NFT?

A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a
digital ledger (e.g. XRP Ledger). NFTs can be associated with a range of items including
items such as photos, videos, and other types of digital files. These unique items use
blockchain technology (e.g. the XRP ledger) to give the NFT a verified and public proof of
ownership. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain
cryptocurrencies, such as Bitcoin.

NFT benefits

Transparency

Blockhain technology helps to prove your ownership

Decentralized Platform

NFTs can be freely traded on specific markets

Trust

The biggest benefit: fraud prevention

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