NFTs, or non-fungible tokens, are a type of digital asset that represent ownership of a unique item or piece of content, such as artwork, music, or virtual real estate. Unlike traditional cryptocurrencies, which are fungible and can be exchanged for one another, each NFT is distinct and cannot be replicated or interchanged. NFTs are typically created using blockchain technology, which allows for secure ownership and transfer of the asset. The value of an NFT is determined by the market demand for the specific item it represents, and can fluctuate over time. NFTs have gained popularity in the art and gaming worlds, as they offer a new way for creators and collectors to monetize and showcase their work in the digital realm.