What Is an NFT | Elf Dolls

An NFT, or non-fungible token, is a unique digital identifier recorded on a blockchain that certifies ownership and authenticity of digital assets, such as artworks, photos, videos, and audio, differing from cryptocurrencies in their unique identifiability and inability to be copied, substituted, or subdivided. NFTs use smart contracts, which are self-executing contracts with the terms of the agreement written directly into lines of code. The use of smart contracts has been influenced by the development of Solidity, a programming language used for creating smart contracts on the Ethereum blockchain.