Non-fungible tokens explained in brief
In the case of fungible assets, for instance, a bitcoin, you can sell one for the other of the same value. But a non-fungible token (NFT) is an asset with a unique value, which cannot be exchanged or replaced for the same value. Just like a one-of-a-kind house, a painting, or an antique, which there can only ever be one of, NFTs are “unique” digital assets with no tangible form.