NFTs Non-Fungible Tokens Digital Assets Collectables Content Blockchain Autographs Metaverse NFTs will change how we own things What exactly is an NFT? An NFT is a non-fungible token based on blockchain technology. Because it is non-fungible, it is not interchangeable. It is entirely unique. This is in contrast to a dollar bill or a bitcoin, both of which are interchangeable with other bills or bitcoins. An NFT is composed of software code in the form of “smart contracts.” Smart contracts are open-sourced blockchain protocols that control the transfer of digital currency under certain terms and conditions. Once a smart contract is created, it is “minted” onto the token on a blockchain. This is permanent. Once the NFT is created, it cannot be modified or amended.