An NFT (non-fungible token) is a type of cryptocurrency that represents a unique and non-interchangeable unit of a digital work, such as an image, video, sound, or game. This means that each NFT is unique and cannot be replaced by another unit. In the early days, they represented digital works of art; today they are used for various other digital assets. An NFT with artistic content can be worth as much as hundreds of thousands of euros, which is why it has come to be fractionalized, that is, divided into several parts. Thus, instead of owning the entire NFT, an investor can own even a part of it. Moreover, even those who do not have the means can still make this kind of investment. Another benefit is the increased diversification of investments, which allows money to be spread over several NFTs instead of focusing on just one. An important step for this undoubtedly more accessible, diversified and liquid market, and a good opportunity for artists, who will see their digital works being bought and appreciated by a wider audience.
