A 𝗡𝗼𝗻-𝗳𝘂𝗻𝗴𝗶𝗯𝗹𝗲 𝗧𝗼𝗸𝗲𝗻 (𝗡𝗙𝗧) is basically a digital asset or can be called a cryptographic asset having a 𝘂𝗻𝗶𝗾𝘂𝗲 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗰𝗼𝗱𝗲 and 𝗺𝗲𝘁𝗮𝗱𝗮𝘁𝗮 which differentiate it from a fungible token.

Non-fungible tokens, commonly known as NFTs, are unique cryptographic tokens that exist on a blockchain and cannot be replaced as they are having a unique identification code and 𝗺𝗲𝘁𝗮𝗱𝗮𝘁𝗮

NFTs function like communicators or information tokens, but unlike cryptocurrencies such as Bitcoin or Ethereum, 𝗡𝗙𝗧𝘀 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗺𝘂𝘁𝘂𝗮𝗹𝗹𝘆 𝗶𝗻𝘁𝗲𝗿𝗰𝗵𝗮𝗻𝗴𝗲𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗳𝘂𝗻𝗴𝗶𝗯𝗹𝗲.

𝗜𝗻 𝟮𝟬𝟮𝟭, 𝗡𝗙𝗧 𝘀𝗮𝗹𝗲𝘀 𝘃𝗼𝗹𝘂𝗺𝗲 𝗻𝗲𝗮𝗿𝗹𝘆 𝘁𝗼𝘂𝗰𝗵𝗲𝗱 𝘁𝗵𝗲 $𝟮𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗺𝗮𝗿𝗸.

As with cryptocurrencies, they cannot be traded or exchanged at equivalent values. The difference between fungible tokens and cryptos is that cryptos are exactly the same and, therefore, can be used for commercial transactions.

𝗡𝗙𝗧𝘀 𝘄𝗼𝗿𝗸 𝗼𝗻 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆.

NFTs can remove intermediaries, make transactions more efficient, and create new markets.Many crypto-trading enthusiasts and art collectors use NFTs.

Additionally, it can be used for 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁, 𝗴𝗮𝗺𝗶𝗻𝗴 𝗶𝘁𝗲𝗺𝘀, 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗰𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹, 𝗮𝗻𝗱 𝗱𝗼𝗺𝗮𝗶𝗻 𝗻𝗮𝗺𝗲𝘀.Since 2014, NFTs have been around, but now they are gaining popularity .