NFT stands for non-fungible token, meaning that each NFT is completely unique by definition. It's one-of-a-kind. Unlike currency, which is fungible—because you can swap a $5 note for another and it'd be worth the same.
Each NFT comes with its own content, serial number and shows you all of its previous owners. It is stored on a digital ledger, called a blockchain, which checks that an NFT only has one owner at all times and that the ownership history cannot be modified or changed.
NFTs can be bought or sold on NFT marketplaces and they are stored in wallets.
Our Digital Video Moments are NFTs.