NFT stands for Non-Fungible Token and can take on many different forms, in this survey we will focus on an NFT as a digital collectible. The best way to describe it is that it is like a sports card, Pokémoncard, Panini sticker, ... that you can collect, sell, trade, … but digital. It can be a photo, video or animation.
An NFT is stored on the blockchain technology, meaning every digital collectable is unique and authentic.
For example, in the photo below you can see NFT’s as a digital sports card. These cards can be bought to make a team, with this team you can earn points based on real-life performances. In this game, there are a limited amount of cards of every football player, meaning prices can be high for the best players. This is just one of many examples of what an NFT can be.